A Wells Fargo bank logo is pictured on a building in North Miami, Florida March 19, 2016. When Cubic Energy Inc’s bankruptcy plan took effect on March 1, shareholders of the Dallas-based oil and gas company were wiped out. Among the losers was Wells Fargo & Co. The bank had a nearly 10 percent stake in Cubic Energy at the end of 2015 – worth more than $25 million at the company’s peak – through a private equity-style unit called Wells Fargo Energy Capital. The No. 3 U.S. bank by assets, like its rivals, has billions of dollars’ worth of exposure to the struggling energy industry through regular loans that are souring. But the case of Cubic Energy shows that Wells Fargo went further into risky areas than other banks, and may now face a reckoning. The whole sector has been devastated by a 60 percent plunge in oil […]