By Lananh Nguyen and Nivedita Balu
NEW YORK/TORONTO (Reuters) -Wells Fargo CEO Charlie Scharf said on Wednesday the lender is not under pressure to make acquisitions to boost growth, after regulators lifted a seven-year penalty that gives the fourth-largest U.S. lender more freedom to expand.
“We don’t feel the pressure to do any M&A whatsoever … We have amazing opportunities in every one of our businesses, we have scale in everything that we do,” he said in an interview.
(Reporting by Nivedita Balu in Toronto and Pritam Biswas in BengaluruEditing by Rod Nickel)
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