Wells Fargo predicts massive wave of job losses in the banking sector
Wells Fargo predicts massive wave of job losses in the banking sector
- Oct 01, 2021
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The analysts said that this could be the biggest reduction in the US bank headcount in history. Consumers should expect fewer bank branches across the country and the ones that remain could shrink in size. "Many branches were shut down during the pandemic and will likely remain closed. Future mergers will likely reduce branches too", Wells Fargo added in the report.
Source: CBS News
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