Major banks seek to expand in California

07/7/2010 | United Press International

JPMorgan Chase, U.S. Bancorp and other banking giants are aiming to expand in California despite the state's high unemployment rate. Wells Fargo, one of the largest banks in the state, is preparing for battle. It serves one in three households. "I'd like to see it become one in every two households over the next five years," said Lisa Stevens, president of retail operations at Wells Fargo.

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