We will continue to be more conservative than other banks, that's in Wells Fargo DNA. That's probably why we hired less than Chase and BOFA and that's why we'll have less layoffs than they do right now. The bulk of banking layoffs take place in the mortgage area and we took care of this problem back in 2013 before the other players moved. I think we'll be just fine in 2014 with minimal cuts from the percent of workforce perspective.
1 reply
What are you even talking about? Do you have any examples?