Wells Fargo & Co. Chief Executive Officer John Stumpf said the lender with banking and securities-sales branches throughout Connecticut is concentrating on controlling expenses, Bloomberg News reports.
The bank, the largest U.S. home lender, “continued to focus on corporate-wide expense reductions,” according to a presentation by Stumpf Monday at the Barclays Capital Inc. investor conference in London.
Non-interest expenses dropped 5 percent in the first quarter compared with the final three months of 2010, the presentation said.
