Wells Fargo, left, and Bank of America tower over uptown. Bank of America this year laid off 250 mortgage and technology workers, and its CEO says the bank’s head count will continue to fall. Wells Fargo has a companywide streamlining effort under way.
Wells Fargo, left, and Bank of America tower over uptown. Bank of America this year laid off 250 mortgage and technology workers, and its CEO says the bank’s head count will continue to fall. Wells Fargo has a companywide streamlining effort under way. MARK HAMES mhames@charlotteobserver.com
Wells Fargo, left, and Bank of America tower over uptown. Bank of America this year laid off 250 mortgage and technology workers, and its CEO says the bank’s head count will continue to fall. Wells Fargo has a companywide streamlining effort under way. MARK HAMES mhames@charlotteobserver.com

Big banks cutting jobs as revenue growth lags

June 03, 2015 10:17 AM

UPDATED June 04, 2015 06:41 AM

More Videos

  • Wells Fargo CEO: We should have done more sooner

    Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail banking business," Stumpf said.