News Regulators 

Wells Fargo Reform Plans Fail to Satisfy Fed After Scandals

“Wells Fargo executives and Fed officials have haggled for months over what controls are needed to make sure the bank can detect problems before they become full-blown scandals, the people said” writes Patrick Rucker for reuters.com. The bank told investors in May that it expected the asset cap to hurt profits by only $100 million.
 
Source: reuters.com



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