Wells Fargo to shut subprime lending unit, cut 3,800 jobs

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Banking giant is closing 638 storefront offices of Wells Fargo Financial, of which 74 are in California. Banking giant Wells Fargo & Co. is closing its 638 subprime lending offices that operated nationwide to supply higher-cost mortgages, auto loans and credit cards in lower-income neighborhoods.

Provided by the Following Sub-prime Easy Payday Loans News RSS Feed: Wells Fargo to shut subprime lending unit, cut 3,800 jobs

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