Reported 1 day ago
Wells Fargo's asset cap, a measure imposed in 2018 due to compliance failures, has been lifted after seven years, but the Federal Reserve's vague reasoning has left many questions unanswered. The Fed claimed Wells Fargo made 'substantial progress,' yet details on what changes were made remain unclear, leading to concerns about transparency in regulatory actions. As the bank adjusts to its newfound freedom, analysts suggest that the lack of clarity could fuel speculation about the motivations behind this decision.
Source: YAHOO