By Josh Beckerman

Wells Fargo & Co. (WFC) will reduce jobs as part of its "ongoing transformation" to address industry trends and changes in customer behavior.

The bank expects headcount to decline by about 5% to 10% within the next three years, which includes displacements as well as normal attrition.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

September 20, 2018 15:04 ET (19:04 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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