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Wells Fargo ramps up private equity despite Volcker Rule

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(Reuters) – When former Wells Fargo & Co Chief Executive Dick Kovacevich joined Norwest Bank in 1986, he had reservations about its private equity investments as he did not think it was the kind of business a bank needed to be in. He got over it.

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Post Published: 21 February 2013
Found in section: Finance

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