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Fmr. Wells Fargo CEO: Mistake for Fed to cut rate paid on bank deposits

Mon 25 Nov 13 | 04:36 PM ET
Richard Kovacevich, former Wells Fargo chairman and CEO, discusses how banks considering charging customers for deposits will impact the economy if the Federal Reserve cuts interest on bank reserves. Kovacevich doesn't think the cut will have any positive impact.
 
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