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Wells Fargo suspends job cuts

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It joins Citigroup and Morgan Stanley, as well as some European banks, in pledging to preserve jobs amid the pandemic

Wells Fargo & Co. is suspending new job cuts, joining lenders on both sides of the Atlantic that are giving workers a reprieve as they grapple with the impact of the coronavirus.

“We have paused initiating new displacements,” spokeswoman Beth Richek said Thursday in a statement. “We wil

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