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NEW YORK/TORONTO, Nov 5 (Reuters) - Wells Fargo (WFC.N), opens new tab 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. Sign up here. Reporting by Nivedita Balu in Toronto and Pritam Biswas in Bengaluru Editing by Rod Nickel Our Standards: The Thomson Reuters Trust Principles., opens new tab Lananh Nguyen is the U.S. finance editor at Reuters in New York, leading coverage of U.S. banks. She joined Reuters in 2022 after reporting on Wall Street at The New York Times. Lananh spent more than a decade at Bloomberg News in New York and London, where she wrote extensively about banking and financial markets, and she previously worked at Dow Jones Newswires/The Wall Street Journal. Lananh holds a B.A. in political science from Tufts University and an M.Sc. in finance and economic policy from the University of London. Nivedita Balu is a correspondent for Reuters based in Toronto, where she reports on Canadian banks and financial services. She previously covered U.S. tech, media and telecom companies, and consumer and retail companies in Bengaluru.
