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Wells Fargo to cut 925 jobs as refinancing drops

A sign is posted in front of a Wells Fargo bank on October 11, 2013 in Oakland, CaliforniaWells Fargo, the biggest US mortgage lender, said Thursday it would cut a further 925 jobs in its home lending business due to a decline in refinancing. "Yesterday, across the country, we provided a 60-day notice of displacement to 925 mortgage team members," the company said in an emailed statement to AFP.