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Wells Fargo CEO says expect all businesses to grow, barring mortgage
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Wells Fargo CEO says expect all businesses to grow, barring mortgage
Jun 4, 2025 9:15 AM

NEW YORK, June 4 (Reuters) - Wells Fargo ( WFC ) 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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