Wells Fargo sues Alliant Insurance, plans to close auto offices

Wells Fargo sues Alliant Insurance, plans to close auto offices

Wells Fargo & Co. has filed a lawsuit against Alliant Insurance Services Inc., alleging that the California insurer used confidential information to poach top sales executives. In other developments, Wells Fargo will make changes to its auto lending unit by phasing out dozens of regional offices across the United States and eliminating related managerial positions.

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