Wells Fargo has also added more than $800 million in new AUM with recruitments from UBS, Osaic, and Merrill Lynch.

Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss the company’s earnings, the change in interest rates impact on business and loan growth.

At Citigroup (C), investment banking fees also climbed 13% in the second quarter. "It certainly seems like volumes are picking up," Wells Fargo CFO Mike Santomassimo told reporters.

There should be growth opportunities across all of Wells Fargo’s business lines with the removal of the asset cap, Chief Financial Officer Mike Santomassimo said June 10 at Morgan Stanley U.S ...