Wells Fargo CEO Charlie Scharf: Regulators Restricting Corporate Lending Business

Wells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be doing more corporate lending and trading if regulators lifted the asset cap that they imposed on it.Regulators put the $1.95 trillion asset cap on Wells Fargo as part of the fines and regulatory punishments that resulted from the bank’s fake account scandal, Reuters reported Wednesday.Scharf said that Wells Fargo is fixing its problems but that the regulators will decide when to lift the asset cap, according t ...