In the industry’s race to integrate major banking company acquisitions, Wells Fargo & Co. likes being the tortoise rather than the hare.
"When we had the merger
He told audience members during a keynote address at
The banking industry got a "once-a-decade" example this month of
"I don't think there’s any silver bullet, where you can say, 'Oh, if they had done X, it wouldn't have happened,'" Kennedy said during the interview. But he said a ‘measured approach’ is the best possible preparation.
At Wells Fargo, "just making it job one is going to be important to understand what all the intricacies are, what the complexities are, and really put a lot of smart people on it against those and see what can we do to get all the systems merged properly," he said. "Yeah, the merger's going to last a little bit longer, but we take the time to, in our opinion, do it right the first time."