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-0.000367376928728933 -0.000367376928728933 -0.000734753857457736 0.00110213078618654 0.00293901542983094 0.0176340925789861 0.0378398236590741 0.0288390889052168
Stock impact report

Wells Fargo stops taking small business stimulus loan applications [CBS 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
Company Research Source: CBS News
Wells Fargo stops taking applications for Paycheck Protection Program loansBy Stephen GandelApril 6, 2020 / 8:23 AMSmall business loan program launchedWells Fargo is bowing out of a new federal program aimed at helping small businesses retain workers and pay bills during thecoronavirus pandemicannouncedWells also said it planned to lend a maximum of $10 billion through the program and that it has already received more than enough applications to reach that threshold. Any requests for loans submitted after April 5 will not be considered, according to the bank.Since the program launched on Friday, most U.S. banks are processing loans only for existing clients. Wells Fargo's exit could shut out some of its small business customers that have not yet applied for a loan. That's especially significant because Wells Fargo arranged more small business loans than any other lender in the country last year.: The Race To Respond updates: COVID-19 death toll nears 10,000 in U.S. in : The Race To Re Show less Read more
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