COVID-19 IMPACT: WELLS FARGO & CO. CUTS OVER 700 COMMERCIAL-BANKING JOBS

Highlights

• As per a statement given by Wells Fargo spokeswoman Katie Ellis, the company is at the beginning of a multiyear effort to build a stronger, more efficient company for its customers, employees, communities and shareholders

• While several banking firms in the U.S. have said that they would try to offer workers stability in the period of COVID-19 pandemic, Wells Fargo is the first major lender in the co....