Feb 22 (Reuters) - Wells Fargo & Co laid off
hundreds of mortgage bankers this week as part of its recent
strategic shift, CNBC reported on Wednesday, citing people with
knowledge of the matter.
In an emailed statement to Reuters, Wells Fargo said there
were "displacements" across its home lending business in
alignment with previously announced strategic plans and a
decrease in mortgage volumes.
(Reporting by Anirban Chakroborti in Bengaluru; Editing by
Shinjini Ganguli)
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