Regulators are asking Wells Fargo & Co. to raise more capital after government "stress tests" showed the bank would have trouble surviving if the recession worsens.
San Francisco-based Wells Fargo is trying to dissuade regulators from forcing it to raise capital, these people say. The government will brief banks Tuesday on its final decisions about their appeals.
Oracle of O's rebuttal forthcoming once he emerges from the Jacuzzi.
Wells Fargo Asked To Raise Money After Stress Test [AP]