NEW YORK/TORONTO (Reuters) -Wells Fargo ( WFC ) CEO Charlie Scharf said on Wednesday the lender is not under pressure to make acquisitions to boost growth, after regulators lifted a seven-year penalty that gives the fourth-largest U.S. lender more freedom to expand. 

"We don't feel the pressure to do any M&A whatsoever ... We have amazing opportunities in every one of our businesses, we have scale in everything that we do," he said in an interview.