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Tuesday, April 17, 2018

Wells Fargo loses steam in commercial lending as rivals pounce


Wells Fargo loses steam in commercial lending as rivals pounce



NEW YORK, April 17 (Reuters) - Wells Fargo & Co's two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its position against rivals.

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