Wells Fargo seeks acquisitions and student loans

Wells Fargo will use its capital and liquidity to continue looking for loans and business deals that could bring more customers, as long as they fit the company's culture, says Chief Financial Officer Tim Sloan. The bank also isn't backing away from student loans and won't follow JPMorgan Chase's plan to limit them to existing customers. "If somebody is not a Wells Fargo customer and wants to borrow money, that's great," Mr. Sloan said.

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