Fed says modifying Wells Fargo asset cap so bank can make more small business loans
The U.S. Federal Reserve
said on Wednesday it would “temporarily and narrowly” modify the
growth restriction on Wells Fargo & Co’s asset cap so
the bank can make more loans under government assistance
programs for small businesses hurt by the coronavirus
disruption.
said on Wednesday it would “temporarily and narrowly” modify the
growth restriction on Wells Fargo & Co’s asset cap so
the bank can make more loans under government assistance
programs for small businesses hurt by the coronavirus
disruption.
Posted by Reuters
