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3 months ago
Wells Fargo says agrees with Buffett and is fixing its problems
May 6, 2017 / 7:18 PM / 3 months ago

Wells Fargo says agrees with Buffett and is fixing its problems

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017.Stephanie Keith

(Reuters) - Wells Fargo & Co (WFC.N) agreed with Warren Buffett's blistering comments early Saturday at the annual Berkshire Hathaway meeting, remarking that the company has taken decisive actions regarding recent sales abuse practices.

"We agree with Mr. Buffett's comments and value Berkshire Hathaway as a long-term shareholder and customer," said Wells Fargo spokesman Mark Folk.

"We have taken decisive actions to fix the problems, make things right for customers, and build a better Wells Fargo. Our top priority is rebuilding the trust of our customers, team members, community partners, and shareholders."

 

Reporting By Jennifer Ablan; Editing by Nick Zieminski

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