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Why Aren’t Banks Lending Money? – Wells Fargo CEO John Stumpf

Complete video at: http://fora.tv/2010/06/16/Wells_Fargo_CEO_John_Stumpf_The_Future_of_Financial_Services

Wells Fargo CEO John Stumpf answers a question he is frequently asked: “Why aren’t you bankers making loans anymore?” “The biggest challenge we have today,” he explains, “is finding people we want to lend money to.”

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Hear from the man at the helm of one of banking’s biggest powerhouses at a time of industry uncertainty. John Stumpf became chairman of Wells Fargo & Company in January. He was named CEO in June 2007, elected to Wells Fargo’s board of directors in June 2006, and has been president since August 2005.

A 27-year veteran of Wells Fargo, Stumpf provides insight into where financial services are headed in the short and long term, and what you need to know to protect yourself and stay informed. – Commonwealth Club of California

John Stumpf became Chairman for Wells Fargo & Company in January 2010. He was named Chief Executive Officer in June 2007, elected to Wells Fargo’s Board of Directors in June 2006, and has been President since August 2005.

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