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Wells Fargo said that it planned a “streamlining” of some operations, including “where possible, locating functions in the most cost-effective locations”.
That may mean moving some functions to different locations in the U.S. as well as abroad.
“Global expansion of our workforce allows us to do these processes faster, with more flexibility.”
Overseas jobs “offer the opportunity to use Wells Fargo- owned and operated offshore capabilities at significantly reduced costs, while at the same time leveraging our existing technology infrastructure and security standards,” the bank said...
http://www.businessweek.com/news/2012-06-20/wells-fargo-may-send-some-jobs-to-india-philippines