Wells Fargo & Co. is planning a retreat from its mortgage business, people familiar with the matter told Bloomberg.
The sources said the shrinking of the company's mortgage business likely would start with outside firms that generated a third of its $205 billion in new home loans during 2021.
The move comes amid executive changes and attempts to avoid regulatory probes, according to the report.
Read more from Bloomberg.
417 Cocktails LLC moved; 7 Brew Coffee added its first shop in Lebanon; and Branson outlet store for Baltimore, Maryland-based sports apparel retailer Under Armour relocated.