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New strategy By the end of 2012 minus 12% operation cost . The bank plans before the end of 2012operating costs by 12%, to one hundred and ten billion dollar per quarter Wells Fargo cut spending plan will focus on Cancel unnecessarily complicated and overlapping operations department. Redundancy is not reduced plan important part, because this may slow down the bank s profit growth. The bank would like to recruit staff branch. Wells Fargo hopes that by cutting spending to boost revenue growth. Due to the mortgage market demand declined, Fargo has cut 1900 mortgage Department staff, accoun