Wells Fargo's Asset Cap Debate Sparks Regulatory and Market Reactions
TL;DR Summary
Senators Elizabeth Warren and Maxine Waters have urged the Federal Reserve to reverse its decision to lift the asset growth cap on Wells Fargo, citing concerns over the bank's compliance and governance issues, and demanding more transparency and accountability from regulators.
- Elizabeth Warren Pushes Fed to Reinstate Wells Fargo’s Asset Cap Barron's
- Wells Fargo’s Asset Cap Has Been a Good Punishment Bloomberg
- Letting Wells Fargo off the Leash Will Rattle Regional Banks WSJ
- Cramer calls Wells Fargo's asset-cap removal a 'watershed moment,' raises price target on the stock CNBC
- Warren tussles with CNBC host over Wells Fargo, Fed The Hill
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