Both small and big banks are important to the US, says Wells Fargo CEO

When we look at the smaller banks in this country, like they do things that we can't do. We're not going to have branches in every location. We don't have the relationships that they have. The standards that we have to live with under when it comes to lending are different than than small banks do. If you're in a small bank in a local community, I can I'll make a loan to you based upon what I know about you. I I knew you as a kid. I knew your parents. I know you're going to pay me back. I know exactly what ...