Author Topic: Wells Fargo reverses ban  (Read 1865 times)

WES

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Wells Fargo reverses ban
« on: March 11, 2014, 12:47:15 PM »
http://www.ft.com/intl/cms/s/0/1c39964e-a8b0-11e3-b50f-00144feab7de.html#axzz2vfn3aDB0

And says that what it said wasn't what it meant: Wells Fargo’s statement attempted to clarify its initial position: “The original guidance given to team members was based on investing in the equity of a P2P lending company.”

Keltset

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Re: Wells Fargo reverses ban
« Reply #1 on: March 11, 2014, 01:01:18 PM »
This is not a surprise at all that Wells would reverse their call on P2P lending. It gave them a black eye and their restated position on investing in equity of a P2P firm makes much more sense.