Wells Fargo agrees with Buffett and is fixing its problems

(Reuters) – Wells Fargo 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.

Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick Wilking

“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)


Join the Discussion

Your email address will not be published. Required fields are marked *