Former Wells Fargo & Co(NYSE:WFC) CEO and Chairman, Dick Kovacevich who previously held executive positions at Citicorp, General Mills and Norwest, believes the rest of the world has issues and that they don’t yet apply to the United States. There is a risk of a recession in the US but he doesn’t believe there will be one. He is bullish on US Banks. In an interview on CNBC he shared some interesting comments.
On Bank Stocks