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Wells Fargo Rises to Top Oil Bank With Flawed Bets on Collateral - Bloomberg
Bloomberg | Wells Fargo Rises to Top Oil Bank With Flawed Bets on Collateral Bloomberg Wells Fargo's foray into oil shows how Wall Street misjudged the risks hidden in an esoteric type of energy financing long thought to be bulletproof. To fuel the growth of its energy desk, the bank targeted some of the least creditworthy borrowers in ... |
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