Wells Fargo & Co CEO John Stumpf sa

Wells Fargo & Co CEO John Stumpf said on Tuesday he disagrees with a new rule designed to boost one of the bank's cushions for absorbing losses.The Federal Reserve's regulation, known as the "total loss absorbing capacity" rule, or TLAC, will require the bank to issue another $60 billion of long-term debt

Wells Fargo & Co CEO John Stumpf said on Tuesday He disagrees with a New Rule designed to Boost one of the Bank's cushions for absorbing losses.
The Federal Reserve's Regulation, Known as the "total Loss absorbing capacity" Rule, or TLAC, Will Require the. bank to issue another $ 60 billion of long-term debt.

Wells Fargo & Co CEO John Stumpf said on Tuesday he disagrees with a new rule designed to boost one of the bank s cushions. ' For absorbing losses.
The Federal Reserve 's regulation known as, the "total loss absorbing capacity" rule or TLAC will,,, Require the bank to issue another $60 billion of long-term debt
.