Wells Fargo to Cut Headcount by 5 to 10 Percent in Next Three Years
Wells Fargo & Co. said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.
Wells Fargo Pulls Back from US Midwest, Sells 52 Branches to Flagstar
Wells Fargo & Co. is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country.
United Bank to Purchase Six Branches from Webster Bank
The parent company of Hartford-based United Bank announced last week that it will acquire six branches from Waterbury-based Webster Bank, a move that will allow it to increase its presence in existing coverage areas and expand into new markets.
US Banks Want To Cut Branches, But Customers Keep Coming
Despite banks’ nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry’s efforts to slim down.
