Layoffs: Wells Fargo, BofA and more

Here is the latest roundup of financial institutions rumored and reported to be laying off.

Wells Fargo & Co. will eliminate 3,800 positions and close 600 consumer finance offices, according to The New York Times.

Bank of America Corp. will axe 50 employees in the Tampa, Fla., by the end of August, according to the Charlotte Business Journal.

FirstMerit Corp. is laying off 119 employees after purchasing Midwest Banc Holdings Inc. from the Federal Deposit Insurance Corp. in May, according to Crains.

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