From the San Francisco Business Times
Wells Fargo prompted some to do a double-take this week when it provided more details on its exposure to the troubled oil-and-gas industry as investors gauge the fallout of plunging oil prices on the broader economy.
Wells Fargo’s “exposure” to the oil-and-gas sector totals $42 billion, the bank’s Chief Financial Officer John Shrewsberry told those attending the Credit Suisse Financial Services Forum on Feb. 9. (The bank posted slides from the CFO’s presentation on its website.)
