Wells Fargo CFO expects more layoffs ahead

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Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. It has already reduced its employee base by nearly 40,000 and cuts are likely to continue, Santomassimo said. The bank has trimmed its mortgage business, which has also seen some layoffs.

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Civil actions against a B.C. couple now facing 80 criminal charges in Edmonton detail an alleged Ponzi scheme that tricked hundreds of investors out of millions of dollars in retirement savings.Curtis Quigley and Kathleen Treadgold, both 56, are jointly charged with 80 counts of fraud over $5,000 after turning themselves in to Edmonton police last month.They're also accused of laundering proceeds of crime in what the Edmonton Police Service alleges was a $7.

 

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