Loopholes. "We believe that we will continue to be able to invest, and we continue to invest...

|By:, SA News Editor

Loopholes. "We believe that we will continue to be able to invest, and we continue to invest today," in our P-E business, said Wells Fargo (WFC) CFO Tim Sloan recently. By using its own capital and the capital of some employees for deals, Wells is considered to be engaging in "merchant banking," likely to be exempt under Volcker.