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Prices are weighing on households, the Federal Reserve is raising interest rates, and inflation is running above target, yet Wells Fargo & Co. said consumer credit is still holding up. Higher Prices and Rates Weigh on Households CEO Charlie Scharf...
Though the banking giant reported more loans and deposits, along with benign credit quality, a dip in fee income dented its third-quarter results.
Scharf highlights AI scale advantages as bank deploys tokenized deposits.