Wells Fargo isn’t an example of a bank that’s ‘too big to manage,’ Kashkari says

Wells Fargo &Co isn’t an example of an example of a “too-big-to-manage” bank despite the scandal that involved employees opening accounts in unwitting customers’ names, said Minneapolis Fed President Neel Kashkari Tuesday.

“I actually don’t think the Wells Fargo WFC, -0.44%  case is an example of too big to manage,” Kashkari said, during a discussion with students and professors at Bethel University in Arden Hills, Minnesota.

The definition of a too-big-to-manage bank is when a problem is buried in the bowels of an organization and remains outside the chain-of-command, Kashkari said.

Read on.

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