Fed lifts restrictions on Wells Fargo [MSN Money]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: MSN Money
© Damian Dovargan/APThe Federal Rerve is temporarily letting Wells Fargo out of the palty box, freeing the troubled bank to aggrsively ld to small busins struggling to survive the coronavirus crisis.Load ErrorThe Fed said in astatemtgrowth rtrictionsThe change will allow Wells Fargo to participate only in emergcy programs digned to help compani harmed by the health crisis, including aforgivable loan program for small busins.In rponse, Wells Fargo said it willimmediately expand its participationPayroll Protection Program"This action by the Federal Rerve will able Wells Fargo to provide additional relief for our customers and communiti," Wells Fargo CEO Charlie Scharf said in a statemt.Wells Fargo said customers will be able to begin the procs Wednday afternoon through the bank'sPPP website.The Fed won't allow Wells Fargo to profit from the loans. Instead, the bank will be required to donate befits from the emergcy programs to the US Treasury or Fed-approved nonprofits.'Common sse' move
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- WFC's page on the SEC website