A Tale of Two Washingtons Awaits Wall Street Banks [The New York Times]
Wells Fargo & Company (WFC)
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Source: The New York Times
Image Randal Quarles, the Fed’s vice chairman of supervision, called for a “recalibrating” of bank rules put in place since the financial crisis. Credit Credit Jacquelyn Martin/Associated Press Nov. 9, 2018 WASHINGTON — Big banks are about to experience a tale of two Washingtons. On Friday, a top Federal Reserve official said regulators were preparing to soften some rules imposed on the biggest banks after the financial crisis, including making it easier for them to pass annual tests that gauge their ability to withstand a severe economic downturn. Randal Quarles, the Fed’s vice chairman for supervision, said the Fed wants to make rules more efficient and less burdensome for banks and said he wants to end the “public shaming” of banks that had developed around the Fed’s annual stress tests. “What we’re doing is recalibrating in light of experience,” he said during a speech at the Brookings Institution. Yet House Democrats are preparing to step up scrutiny
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/25/24 - Form 424B2
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- WFC's page on the SEC website