Wells Fargo's San Francisco downsizing bad news for California banking: report

NEW YORK, Dec. 12 (Xinhua) -- U.S. multinational financial services company Wells Fargo is selling its longtime headquarters in San Francisco's Financial District and moving to leased offices nearby, following mergers that have created the nation's fourth largest bank, with employees scattered around the nation and an executive staff in New York.

"When news broke last week that Wells Fargo would be selling its l