Wells Fargo is having a tough time growing its loan book. The drumbeat of negative news around its governance issues is one reason for its struggles, and shooting the messenger won’t help. Chief Financial Officer John Shrewsberry said at a conference on Friday that he expects two key classes of business loans, commercial real estate and commercial and industrial loans, to fall from second-quarter levels, although he didn’t specify an exact time frame. Wells Fargo’s total loans outstanding at the end of the second quarter...

Source: Wall Street Journal September 15, 2018 13:52 UTC