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KM Financial Solutions | UPDATE 1-Wells Fargo on track for $4 bln in expense reductions
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UPDATE 1-Wells Fargo on track for $4 bln in expense reductions

09 May UPDATE 1-Wells Fargo on track for $4 bln in expense reductions

Posted at 12:28h in News by
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BOSTON, May 10 (Reuters) – Wells Fargo & Co on
Thursday said it expects efficiency efforts to cut expenses by
$2 billion annually in 2018 and 2019, and that the aftertax
impact on net income of a regulatory cap on its assets will be
less than $100 million in 2018.

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