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-0.000413978680097991 -0.0026563631972954 0.000448476903439408 0.00631317487149411 0.0101079794390589 0.0338427570980094 0.0199537723807223 0.034429226894815
Stock impact report

Will the Fed Remove Wells Fargo's Asset Cap? [The Motley Fool]

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: The Motley Fool
Political pressure is mounting on the Federal Reserve to remove the asset cap it placed onWells Fargo(NYSE:WFCfraudulent bank accountsRecently, the banking giant said it would need tolimit its participationWith the new SBA program getting off to a rough start and banks inundated with applications, it is tough to have one of the best SBA lenders on the bench right now. As the economy enters a recession, I expect that the Fed will, at the very least, allow a temporary removal of the asset cap, which should give the bank a short-term boost -- and potentially a good long-term outlook as well.Image Source: Getty Images.The government desperately needs Wells FargoThe federal government absolutely needs every capable lender it can call upon if it wants to disburse all these SBA loans in such a short amount of time. The $0 billion total is an enormous load when you consider the SBA only issued about $8 billion in total loan volume in fiscal 09. Plus, there have already been rumors that federa Show less Read more
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