(Bloomberg) Wells Fargo & Co., one of the nine banks to receive funds in the first round of the Treasury’s bailout, canceled a four-day corporate event in Las Vegas as financial firms cut perks amid criticism from lawmakers.
“We had scaled back the mortgage event, but in light of the current environment, we have now decided to cancel,” the San Francisco-based company said today in a statement. The lender said it had already abandoned plans for other functions.
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