Wells Fargo CEO Says Underwriting Criteria Recognize That At Some Point Consumer Credit Conditions Will Weaken; "We Do Not See Signs Of This Yet, But We Know That Cycles Are Inevitable."
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Why It Matters
Wells Fargo's leader says the bank is ready if people struggle to pay bills later. Right now things look okay, but the bank knows tough times always come around eventually.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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