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Wells Fargo Locks Horns With Some Shareholders Over Proxy Proposals
Wells Fargo's wealth- and investment-management business has the potential to earn multiples of what it brings in now, making it the firm's largest growth opportunity, chief executive John Stumpf said.
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Wells Fargo CEO John Stumpf said banks are no longer "too big to fail," and admonished fellow bankers to accept the existence of the Consumer Financial Protection Bureau.