Wells Fargo CEO Says Nonbank Lending Increases Financial Risk

Bloomberg Wells Fargo CEO Says Nonbank Lending Increases Financial Risk Bloomberg Nonbank lenders including hedge funds and peer-to-peer companies are driving competition for loans and could pose a hazard to the U.S. financial system, said John Stumpf, chief executive officer of Wells Fargo & Co. "It's a risk in that if you start to stretch for ......(read more)

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