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Wells Fargo to oppose nuns on review resolution: document
JAY GORY, MANAGING EDITOR, business
The board of Wells Fargo & Co plans to oppose a resolution filed by shareholder activists led by the Sisters of St. Francis of Philadelphia seeking a review of the root causes of the bank's unauthorized accounts scandal, according to a draft document seen by Reuters. An ongoing disagreement over the resolution could complicate the bank’s drive to regain shareholder confidence. A Wells Fargo spokesman, Mark Folk, declined to comment on whether the draft was still the bank's current position. read more


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