MFF boss Chris Mackay backs Wells Fargo response to sales scandal
Vesna PoljakSenior markets reporter
Updated
Australian investor Chris Mackay has backed his investment in American bank Wells Fargo amid a scandal that ousted the United States lender's chief executive.
Mr Mackay, the managing director and portfolio manager of MFF Capital, formerly known as Magellan Flagship Fund, has 8.3 per cent of his fund in Wells Fargo shares, his biggest banking exposure alongside Bank of America.
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Senior markets reporter Email Vesna at vpoljak@afr.com.au
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