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In-House Lawyer Layoffs at Wells Fargo
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.