Wells Fargo gets Fed nod for overhaul plan
Fed officials reportedly privately signaled the bank that they accept its proposal for overhauling risk management and governance, which would move Wells a step closer to getting the cap on its assets lifted.
Wells Fargo & Co. has taken a significant step forward in its three-year quest to satisfy a Federal Reserve order that triggered a costly cap on the bank’s growth.
Fed officials have privately signaled to the scandal-ridden lender that they accept its proposal for overhauling risk
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