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Alexander Mcqueen Shoes Boots

Alexander Mcqueen Shoes Boots

´╗┐Wells Fargo will lay off 925 more people

Refinancing accounted for only 26 percent of all mortgage applications at the bank in that financial reporting period, which extends from July 1 to Sept. 30. That compares with 54 percent in the second quarter and 72 percent a year earlier. It originated $80 billion worth of mortgages in the third quarter a decline of 29 percent from the prior quarter and 42 percent from the third quarter of 2012.

within the Wells Fargo Home Christian Louboutin Anjalina Flat

An additional 300 workers learned on July 25 that their positions would be eliminated over the next two years.

Alexander Mcqueen Shoes Boots

Alexander Mcqueen Shoes Boots

bank by market capitalization, announced another 925 layoffs Wednesday, pushing to 6,511 the total number of its workers receiving 60 day notices since July 18.

All the layoffs announced Wednesday occurred Louboutin Pumps

Alexander Mcqueen Shoes Boots

Alexander Mcqueen Shoes Boots

Alexander Mcqueen Shoes Boots

Seventy one of the latest cuts are expected in the Des Moines area, according Alexander Mcqueen Shoes Boots to Wells Fargo spokesperson Angela Kaipust. That lifts the number of Wells Fargo employees receiving 60 day notices here to 479 since mid July.

company, which has hundreds of openings every day.

Higher interest rates are spurring the reduced headcount by undermining mortgage refinancing activity. The bank is also using cost cutting measures to support profit growth.

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The bank estimated that it reduced its staff by approximately 5,300 full time employees in the third quarter. Some of the Wells Fargo workers who have received 60 day notices have found work elsewhere in the Manolo Blahnik Trainers

"We are reducing staff as we continue to align our workforce based on current market conditions and business needs," Kaipust said in a telephone interview.

Mortgage division, which is the bank's West Des Moines based mortgage business. The bank is the largest private employer in the Des Moines region, with more than 13,500 workers here and more than 270,000 worldwide.

Kaipust said the workers affected Wednesday will enjoy the same salary and benefits for the next 60 days. Some of those who don't find a new position within the bank in that time will then be eligible for separation pay and outplacement assistance.

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Wells Fargo reported record earnings of $5.58 billion, or 99 cents a share, in the third quarter on Oct. 11, thanks partly to savings from cost cutting. The three month long financial period runs from July 1 to Sept. 30.

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