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The bank was already mulling headcount and compensation reductions in early September.
February 9
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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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The reduction of 350-400 roles comes weeks before the Ann Arbor, Michigan-based lender is set to report its fourth quarter earnings.
February 7
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Virginia and Montana both introduced new bills in the past month, potentially joining several other states in enacting policies that would increase business opportunities for lenders.
February 7
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The California-based wholesale lender also known as RMK Financial Corp. had hired close to a dozen account executives in December but stopped doing business on January 31.
February 3
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When adjusted for filings from companies in the past year, nonbank employment in the industry was even lower than initial estimates suggested.
February 3
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The layoffs were a result of the bank's decision to exit the channel, a spokeswoman confirmed.
February 2
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After Greg Tornquist's retirement, he shared the job with Rob Lux, who is staying onboard as the subservicer's COO.
January 31
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Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert.
January 31
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The Texas-based company is adapting to "members' needs and changes in the marketplace," which resulted in a scale down in some divisions, a spokesman said.
January 30
