Chief Executive Officer John Stumpf of Wells Fargo & Co. said the greatest threats to U.S. growth are forces beyond its borders. In an interview with the Bloomberg Television, Stumpf said the biggest risk in what’s happening outside the U.S.
In the interview, he discussed topics such as the level and pace of Fed interest-rate hike, cybersecurity and the bank’s conservative approach to risk.
He also added that the recent acquisitions for Wells Fargo, including assets from General Electric Co. and potentially wealth advisers from Credit Suisse Group AG, fit squarely within the bank’s core competencies.
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