Wells Fargo on track for $4 billion in expense reductions

BOSTON (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.

Wells Fargo on track for $4 billion in expense reductions
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