Wells Fargo & Co. executives told analysts at the embattled bank’s investor day presentation that the Federal Reserve-imposed cap on assets will remain in place longer than expected. But investors don’t seem spooked.
When the enforcement action was implemented due to what the Fed called “widespread consumer abuses,” Wells Fargo said reviews of its plans to meet the regulator’s requests would be completed in October. But CEO Tim Sloan told analysts Thursday that the bank needed more time…
