Bloomberg Television published this video item, entitled “Wells Fargo CFO: Many Consumers, Clients in Good Shape” – below is their description.
Wells Fargo CFO Mike Santomassimo discusses the bank’s net interest income, expense reduction plans and the macroeconomic environment. Wells Fargo’s fourth-quarter costs came in higher than expected, swollen by severance charges and the bank’s contribution to replenish the FDIC’s main fund after bank failures last year.
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