Wells Fargo

“Financing, credit, home lending, everything that you could possibly imagine, and every one of these categories is being picked off by a startup, and the startup is basically just focusing on that one sector.”

“It's been kind of tied together with, ah, with bubble gum and scotch tape and paper clips for about 3040 years as they've continued merging and buying other banks.”

“Along have come many, many startups, and what the startups have done is, one by one, they've picked off a particular category. They've taken this broad horizontal marketplace, kind of like Craigslist, and category by category, they've attacked these different …”

“On the one hand, they look like a great partner, because they've not gone and built their own payment platform, they're not trying to compete with Visa or Master They're not trying to compete with Chase or Wells Fargo or Lloyd's or, you know, any of the retail…”

“There's definitely going to be several probably winners that take the spot in your brain that belongs to Wells Fargo for your parents, the sort of a place where your money goes into a direct deposit account of some sort that takes care of your billing mostly a…”

“I'm sure that there's some mobile bank startup that's going to have a much more beautiful app than Wells Fargo's, but Wells Fargo within the next seven to 10 years will come up with something as good, and they've got that distribution.”

“When I was a prosecutor, I prosecuted Wells Fargo's executives for taking dead people's accounts and draining them of money. They basically found out who hadn't used their account for, you know, many years, and then they would drain the money to their own pers…”

“At this point, I don't have an account with Bank of America, Chase, Wells Fargo, anyone. I literally only have my customers' cards in my pocket.”