Wells Fargo CFO says five consent orders are remaining

A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its lending and sales practices, and he added the recent termination of three regulatory punishments shows that the bank has been making progress. "We're committed and we're very confident in our ability to close this out (consent orders)," Chief Financial Officer Mike Santomassimo told the UBS financial services conference in Miami. Earlier this month, the Federal Reserve said it had terminated a pair of enforcement actions imposed on the bank in 2011.