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John Strumpf Gets Green Light To Run Wells Fargo Into The Ground

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The bank has become boring enough to pose no threat to anyone but its shareholders.

Wells Fargo lacks the global reach of other big banks. That minimizes the cumbersome, cross-border issues that others face. The bank, led by John Stumpf, also has a significantly smaller presence on Wall Street, which means its web of securities and counterparties is far less entangled.

Wells Fargo Is the First Big Bank Simple Enough to Fail [Breakingviews via DealBook]

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