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In-House Lawyer Layoffs at Wells Fargo

It's a ride out of town for Wells Fargo in-house counsel.Wells Fargo has partially confirmed online rumors, that the bank is laying off some of its in-house counsel.

Online rumors say that the bank, which recently merged with Wachovia, is cutting up to 20% of its legal department. The bank would not confirm the numbers, but characterized the percentage affected as “small.”

Founded in New York in 1852, San Francisco, California-based Wells Fargo & Co. is the 4th largest bank in the US by assets, and the second largest bank by market cap.

In-House Lawyer Layoffs at Wells Fargo by

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  • Anonymous

    Wells Fargo is based in San Francisco, CA, not New York.

  • Erik Even

    Oops. You are correct. The bank was founded in New York, but is based in San Francisco.

    I have fixed the story. Thanks!

  • Anonymous

    Worst bank ever!!!! If you need an account of any kind don’t use Wells Fargo. They are starting to search for any reason to freeze account’s. They don’t give you an explanation or notice and can’t tell you how long it takes for you to get your money. Listen, we are not talking about being involved in any funny business. This happened to an honest company that was using a business account through Wells Fargo and was almost put out of business with there deceptive practice. Do yourself a favor and don’t risk using this bank. This is not a witch hunt or a promotion for anybody else but just a warning for those that consider there money to be safe in a bank.

  • Anonymous

    wells fargo blows. i wish they would fail.

  • Anonymous

    O my gosh you are so write! My parents account was recently frozen and I have gone round and round with them to point out to them how they have made a mistake, but they refuse to admit to their error. They seem to think we are idiots and will just accept it and go away. The worst part of it is they don’t even care if you take your money out any more because they get their money at low intrest from the government now. Regardless we are true blue Credit union users after what Wells Fargo has done to us..

  • Anonymous

    I don’t know about Wells Fargo, but you have made a mistake – “write” is a verb as in to write a letter. So when you say “you are so “write,” you are wrong. The correct word is “right.”

  • donny myers

    wells fargo bank n.a. tryied to steal my house by telling the court it was in an asset backed security when it was not. then they said it was in another security but they assigned it 5 yrs late don’t work. these people are thieves if anyone knows a good asset backed securities attorney in oklahoma I need some help. this is a severe case of securitization fraud by a major bank. anyone can help call 405-371-6955.

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Posted by on April 15, 2009. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

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