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Published on: January 15, 2022 at
WELLS FARGO's SANTOMASSIMO: CONSUMERS STILL HAVE A LOT OF LIQUIDITY
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WELLS FARGO's SANTOMASSIMO: CONSUMERS STILL HAVE A LOT OF LIQUIDITY
Wells Fargo & Co. reported tepid loan growth in the fourth quarter, but said borrowing is likely to pick up this year as clients start to take on debt again and government stimulus wanes. CFO Mike Santomassimo told Bloomberg TV that consumers still have a lot of liquidity to grow the economy.
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