What a relief to hear him say this!

Wells Fargo CEO dismisses talk of megamerger

The Milwaukee Business Journal reports that Wells Fargo CEO Dick Kovacevich downplayed speculation that the San Francisco bank will combine with another major bank.

Note to blog readers: Remember when Mark Twain said “Rumors of my death have been greatly exaggerated?” This is what bank CEOs all say right before they jump in and buy something big. I’d put my money on something here in the Northeast…maybe next Monday (they like to announce them Monday morning…)

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