Wells Fargo (WFC) did not experience losses related to closing out exposure to Archegos

March 30, 2021 11:01 AM EDT

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Wells Fargo & Company (NYSE: WFC) today issued the following statement:

“We had a prime brokerage relationship with Archegos. We were well collateralized at all times over the last week and no longer have any exposure. We did not experience losses related to closing out our exposure.”



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