May 20, 2014 / 11:08 PM / 3 years ago

BRIEF-Wells Fargo lowers loan loss expectations

May 20 (Reuters) - Wells Fargo & Co chief risk officer Mike Loughlin said on Tuesday at the bank’s investor day: * Expects rate of credit improvement to slow in coming quarters * Expects normalized loan loss rates to be 75 to 80 basis points, down from 100

basis previously laid out * Cyber threats are biggest risk currently facing bank

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