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Weak Real Estate Lending Is Hurting Wells Fargo’s Credit Growth

Andrew Brunton
Weak Real Estate Lending Is Hurting Wells Fargo’s Credit Growth

Corporate lending and structured debt growth have fallen in recent quarters due to the Federal Reserve’s hawkish monetary policies and lower tax, weakening US banks’ credit growth. Wells Fargo & Company (WFC), which is already struggling with compliance- and fraud-related issues, has seen stable to negative credit growth.