Jul 26, 2007

Wells Fargo Deserves Kudos

It is unusual for a company, the size of Wells Fargo, to give specific information and show such a high level of concern for their people.

Wells Fargo has issued a Press Release that announces the closure of their brokered subprime lending unit. In Baton Rouge, La. the company will affect 170 and 67 in Des Moines, Iowa. From the statement: “the Company is working to identify positions in other areas of the organization”.

It is easy to understand why they are the only S & P’s AAA rated bank in America.