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The lender said in July it would launch a broad cost-cutting initiative this season as the bank braces for massive loan losses brought on by the pandemic and continues to operate through costly regulatory and operational problems tied to some long-running sales scandal. Layoffs, branch closures and cuts to third party spending have been on the table, the bank's executives had then said. "We hope to reduce the size of our workforce through a combination of attrition, the removal of open roles, and project displacements," a spokeswoman said in an email, including that Wells Fargo was operating to deliver its expenses more in line with its peers and make a business which is more"nimble". The bank will offer severance and career assistance to impacted staff. Big U.S. banks had stalled decisions about personnel cuts when the virus epidemic first began to take hold, together with executives saying they are unsure how long the outbreak would damage the economy and conc

Goodyear has clarified its position regarding the sort of attire employees can wear after President Donald Trump called for a boycott of the company. Attire expressing support for includes"Black Lives Matter" and LGBT pride expressions were deemed acceptable, according to a presentation slide shared by an employee. In reaction, Trump advocated a boycott of all Goodyear tires. "They declared a BAN ON MAGA HATS. Get much better tires for far less!" Trump tweeted "This is what the Radical Left Democrats do. Two can play the exact same match, and we must begin playing with it now!" In response, Goodyear said that there were"misconceptions" regarding their office attire policies. In a statement, Goodyear reported they ask partners to"refrain" from workplace expressions showing aid of political campaigning for any candidate or political party, as well as"similar forms of advocacy that fall beyond the reach of racial equity and justice pr

U.S. Postmaster Louis DeJoy on Friday advised lawmakers that the Postal Service has not altered the way it handles election mail as he sought to assure the people that ballots will be managed"securely and on time" in the November presidential election. In his first public appearance before Congress, DeJoy sought to tamp down Democratic concerns that service flaws prompted by his cost-cutting measures could result in millions of uncounted ballots in the Nov. 3 election and also help Republican President Donald Trump. DeJoy, that has donated millions of dollars to Trump along with other Republicans, stated he has not spoken to the Trump effort or White House Staff Mark Meadows about postal service operations. DeJoy said postal employees will prioritize election mail as they have in the past, adding that he'd personally vote by email. "As we head into the election period, I wish to assure this committee and the American public the Postal Service is fully capable and com

Southern U.S. states, that have been hit hardest by the COVID-19 outbreak, are seeing a progressive fall in coronavirus cases, the director of the U.S. Centers for Disease Control and Prevention (CDC) said on Thursday. "Hopefully, by this week and next week we'll observe the death rate really begin to fall (across the country)," CDC Director Robert Redfield said in an interview to the Journal of the American Medical Association. The United States has more than 5 million cases of supported coronavirus infections, the highest in the world, according to a Reuters tally. However, Redfield warned that data from 21 U.S. states revealed there was no drop in coronavirus cases for countries such as Nebraska and Oklahoma. "We do not need to have a third wave in the heartlands, we need to prevent that."

The spouse of stricken Kremlin critic Alexei Navalny appealed to President Vladimir Putin on Friday to allow the opposition politician to be flown to Germany for urgent medical care from a hospital in Siberia. Navalny, a foe of Putin and his lieutenants and a campainger against corruption, is in serious condition after drinking tea on Thursday morning that his allies believe was laced with poison. His condition improved a little overnight but his life was in danger and he wasn't well enough to be moved from the hospital, doctors treating him in Omsk, Siberia, said. German doctors flew into the city in an air ambulance delivered by the Berlin-based Cinema for Peace Foundation, a non-profit organisation, with the intent of flying him to Germany if possible. Alexander Murakhovsky, the head doctor at the hospital,'' said Navalny was diagnosed with a metabolic disease that may have been brought on by low blood sugar. He explained traces of industrial chemical compounds were foun

Peter Marks, manager of the Food and Drug Administration's Center for Biologics Evaluation and Research, made the statement in reaction to concerns raised on a conference call late last week of police officers, pharmaceutical executives and professors who serve on a vaccine working group coordinated by the National Institutes of Health, according to three sources knowledgeable about the matter. Scientists, public health officials and lawmakers are worried that the Trump government will pressure the FDA to authorize a COVID-19 vaccine ahead of the November presidential elections, even if data from clinical trials don't encourage its widespread use. Marks told Reuters he has not faced any political pressure and the FDA will be guided by science alone. Should this change,"that I could not stand by and see anything that was dangerous or inefficient that was being put through," Marks said. "You've got to decide where your reddish line is, and that's my red lin

"I am strictly following the direction of our medical experts and strongly urge others to do the same," that the Louisiana Republican, himself a doctor, said in the announcement. Senator Rand Paul, a Republican, is the only other senator to have tested positive for the virus, back in March. Neither chamber is in session right now. In July, House Speaker Nancy Pelosi issued a mask mandate for the House floor after Representative Louie Gohmert, who frequently refused to wear a mask, tested positive. Elsewhere in the Capitol, mask wearing is encouraged for lawmakers, but not mandated. In July, face masks were mandated on the House floor by speaker Nancy Pelosi, after Texas representative Louie Gohmert tested positive for Covid-19. Mr Gohmert, who publicly opposed masks and refused to wear face coverings while walking through Congress, said that he would only wear one if he tested positive for coronavirus, according to Newsweek. After his diagnosis, he claimed that he had worn hi