Fed restraints 'not having much impact' on Wells Fargo's business: CEO

Restraints the Federal Reserve imposed on Wells Fargo’s growth after a series of customer-exploitation cases haven’t hurt its day-to-day operations or hindered its strategic goals, Chief Executive Officer Tim Sloan said.

“It’s really not impacting our ability to serve our customers,” the CEO said Tuesday during a financial services conference in New York organized by the investment bank Goldman Sachs. ” And you know what, it’s not really impacting what else we want to do. We’re continuing to innovate. We’re continuing to invest. We’re continuing to hire really high quality people. So, so far, so good.”