...October 2018 Rating Action: Fitch Ratings affirmed Wells Fargo & Company's (WFC) ratings in October 2018, reflecting the company's solid capital and liquidity profiles. Relative to WFC's large regional bank peers, it is subject to both higher capital and liquidity requirements that provide an added layer of creditor protection and lend support to the current ratings. Risk Control Weaknesses Incorporated in 2017 Downgrade: Fitch downgraded WFC's ratings in October 2017 due to various risk control and governance issues and a diminished earnings profile. While we acknowledge the company continues to face various headwinds and the breadth of findings was beyond our expectations in fall 2017, WFC's current ratings incorporate a view that the bank will recover from its current issues and maintain its dominant franchise over the longer term. The company's franchise includes leading market shares in many asset classes and products on a national basis, and WFC continues to revamp its risk control...
