Wells Fargo CEO says expect all businesses to grow, barring mortgage
ReutersJun 4, 2025 3:47 PM
NEW YORK, June 4 (Reuters) - Wells Fargo WFC.N CEO Charlie Scharf told Reuters he expects the bank to grow in all businesses including wealth, commercial and investment banking, credit cards but not mortgages.
The Federal Reserve removed the asset cap put on the bank which had been limiting its ability to grow its balance sheet over $1.95 trillion.
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