Wells Fargo is planning to close around 900 branches in a new cost-cutting initiative; despite its boosted profits of $3.4 billion. The San Francisco-based group, which operates about 5,860 branches across the country, said on Friday it would make the closures by the end of 2020, according to the Financial

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Alex Hamilton is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com