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    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

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Wells Fargo to lay off 763 home mortgage employees

Cuts come as refi demand slows

Wells Fargo

Mega bank Wells Fargo (WFC) plans to lay off 763 employees in the firm’s home mortgage division, the Charlotte Observer reports.  

Wells Fargo continues to trim its mortgage operation, announcing Wednesday the layoffs of 763 employees.

None of the affected workers are in the Charlotte area, spokesman Josh Dunn said in an email.

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