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Wells Fargo warns investors the bank is likely to face more regulatory setbacks

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Wells Fargo CEO Charles Scharf listens during the Milken Institute Global Conference in Beverly Hills, Calif., on April 30, 2019.

Kyle Grillot | Bloomberg | Getty Images

Wells Fargo isn’t out of the woods yet when it comes to its regulatory mess.

That’s the message the bank sent in its most recent filing with the Securities and Exchange Commission this week. Wells Fargo said it is “likely to experience issues or delays” in satisfying demands from multiple U.S. regulators — a subtle, but meaningful shift in language from earlier filings where the bank said it “may” experience delays.

The development means that the most significant regulatory constraint on Wells Fargo — a Federal Reserve…



Source cnbc.com

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