NEW YORK, May 28 (Reuters) - Wells Fargo ( WFC ) CEO

Charlie Scharf said the asset cap on the bank is curtailing its

ability to grow its trading business and take on more corporate

deposits.

Scharf, speaking to investors at a conference in New York on

Wednesday, added that those are areas where the bank could grow

if the asset cap is lifted.

The bank operates under a $1.95 trillion asset cap that

prevents the San Francisco-based bank from growing.