Wells Fargo’s Shift from Traditional Banking Worries Some

Wells Fargo & Company (NYSE:WFC) has been trying to shift its focus from lending to investment banking in recent months. The change in focus culminated in the Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) acquisition of H.J. Heinz Company (NYSE:HNZ) announced earlier this month.

The increased presence of Wells Fargo & Company in investment banking is causing worry in some segments. A Wall Street Journal blog post published today highlights some of the problems of the bank’s move into capital deals. The post highlighted comments made by Moody’s Corporation (NYSE:MCO) about the developments.

The...