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Former Wells Fargo CEO wouldn’t vote for Trump ‘under any circumstances’

Former Wells Fargo CEO Richard Kovacevich speaks Wednesday in a Bloomberg TV interview. During the interview, he said he would not vote for Republican presidential nominee Donald Trump ‘under any circumstances.’
Former Wells Fargo CEO Richard Kovacevich speaks Wednesday in a Bloomberg TV interview. During the interview, he said he would not vote for Republican presidential nominee Donald Trump ‘under any circumstances.’

Former Wells Fargo CEO Richard Kovacevich said he would not vote for Republican presidential nominee Donald Trump “under any circumstances.”

Kovacevich made the comments in a Bloomberg TV interview posted online Wednesday.

Kovacevich, who was commenting on the 2010 Dodd-Frank financial overhaul law, said he agreed with Trump that the law has “been very negative for our economy.”

But “I would not vote for Donald Trump under any circumstances,” Kovacevich said.

It’s not the first time Kovacevich, who retired as CEO of Wells Fargo in 2007, has criticized Trump.

Earlier this year, in an interview with CNBC’s “Squawk Box,” Kovacevich called Trump obnoxious, a bully and a narcissist.

Kovacevich has also previously criticized Dodd-Frank, saying the law has caused the U.S. to lose many of its small banks.

In the Wednesday interview, he said some aspects of Dodd-Frank are reasonable, “but most of the planks make no sense and are contrary to economic growth.”

Kovacevich was the chairman of Wells Fargo when it bought Charlotte-based Wachovia in 2008. CEO John Stumpf assumed that title on Jan. 1, 2010.

San Francisco-based Wells Fargo employs about 23,600 in the Charlotte region, its largest employment hub.

Observer staff writer Rick Rothacker contributed.

Deon Roberts: 704-358-5248, @DeonERoberts

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