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U.S. Bank initiates major staff cuts in auto division

Bank posted YoY declines in auto production for 7 straight quarters

Joey Pizzolato

U.S. Bank laid off a portion of its auto division this week as the bank continues its pullback in auto finance to other lines of business. The layoffs hit nearly half of the auto division’s employees, sources familiar with the matter told Auto Finance News. A U.S. Bank spokesperson confirmed the layoffs but declined to […]

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