Wells Fargo to stop granting home equity lines amid uncertainty - sources [Reuters (UK)]
Wells Fargo & Company (WFC)
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Source: Reuters
Wells Fargo to stop granting home equity lines amid uncertainty: sources - Reuters 1 Min Read (Reuters) - Wells Fargo & Co ( WFC.N ) said on Thursday it will temporarily stop accepting applications for home equity loans given the economic uncertainty fueled by the COVID-19 pandemic. Banks have been making moves to tighten credit quality in response to the novel coronavirus which has threatened to plunge the global economy into a deep recession. Rival bank JPMorgan Chase & Co ( JPM.N ) temporarily stopped accepting new applications for home equity lines of credit on April 17. Reporting by Imani Moise; Editing by Sandra Maler All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2020 Reuters. All Rights Reserved.
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