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0.00201477501678975 0.000520483546004009 0.000883143049026162 -0.000335795836131565 0.00638012088650105 0.00335795836131637 0.00621222296843515 0.00117528542646072
Stock impact report

Federal Reserve to temporarily lift asset cap on Wells Fargo to spur emergency small business lending [Yahoo! Finance News]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
The Federal Reserve said it will temporarily ease its regulatory pressure on Wells Fargo to allow the massive lender to underwrite emergency small business loans under the Paycheck Protection Program.The Fed announced Wednesday that it will allowimposed on the bank in 2018opened millions of accountsWells Fargo was barred from growing its balance sheet until it could prove to regulators that it had cleaned up its act. Two CEO changes later, the bank is still working through those efforts.But the asset cap forced the company to quickly close its PPP application process over the weekend. The bank said its participation in the programwould be limited to $10 billionCustomer, some wearing face masks, line up outside a Wells Fargo branch in the Atwater Village neighborhood of Los Angeles on Friday, April 3, 2020, during the coronavirus outbreak. AP Photo/Damian Dovarganes)The Fed will now allow the San Francisco-based bank to exclude any PPP loans from any calculation of its asset growth. Th Show less Read more
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