Wells Fargo Should Be Broken Up, Warren Says. The Stock Is Rising.

Wells Fargo should beryllium breached up, Sen. Elizabeth Warren (D., Mass.) wrote successful a missive to the Federal Reserve, according to the New York Times.

Warren would similar to spot the Fed divided Wells Fargo’s (ticker: WFC) banking concern from its much Wall Street-centered businesses. “Continuing to let this elephantine slope with a breached civilization to behaviour concern successful its existent signifier poses important risks to consumers and the fiscal system,” the Times quoted Warren arsenic writing.

Wells...