Skip to content
Subscriber Only

Wells Fargo Expects to Boost Consumer Loans Amid Fed Order

  • CFO sees growth, barring big change to economic environment
  • CEO Sloan says bank doesn’t need to overhaul strategy
Video player cover image

Fed Orders Wells Fargo to Clean Up Its Act

Updated on

Wells Fargo & Co. reckons it won’t suffer a consumer backlash from the unprecedented punishment the Federal Reserve leveled this month.

The third-largest U.S. bank anticipates an increase in loans made to consumers to finance homes and other purchases even as an order from the government’s top banking regulator prohibits it from growing.