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Wells Fargo cuts jobs, closes Rosemont office following $4.2B sale of rail business
Wells Fargo is eliminating 45 jobs, primarily commercial bankers, as it closes its Rosemont office. These job cuts follow the bank’s $4.2 billion sale of its rail equipment leasing business to a joint venture in 2025, with layoffs scheduled to begin on March 6. Despite the job reductions, Wells Fargo plans to expand its retail presence in the Chicago area, intending to increase its branches from 19 to at least 30.