Deposits fall as Wells Fargo concentrates on tech

Wells Fargo Chief Financial Officer Mike Santomassimo fielded criticism over stagnating customer deposits Tuesday throughout Morgan Stanley’s United States Financials, Payments and CRE Conference, and highlighted Wells’ digital facilities financial investment in reaction. “We’ve been focused at … improving our digital capabilities and you’ve seen that kind of rollout over the last year and a half,” Santomassimo […]


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