Wells Fargo (WFC) is not under pressure to make acquisitions to boost growth, after regulators lifted a penalty that gives the lender more freedom to expand, Reuters’ Lananh Nguyen and Nivedita Balu report. “We don’t feel the pressure to do any M&A whatsoever … We have amazing opportunities in every one of our businesses, we have scale in everything that we do,” CEO Charlie Scharf said in an interview. “We now can grow our checking accounts, we can grow deposits alongside that, we can grow the rest of our lending products,” Scharf added.
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