Wells Fargo (WFC) Wins Fed Acceptance for Overhaul Plan Tied to Cap - Bloomberg

February 17, 2021 10:32 AM EST

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(Updated - February 17, 2021 10:37 AM EST)

Fed officials have privately signaled to Wells Fargo (NYSE: WFC) that they accept its proposal for overhauling risk management and governance, according to Bloomberg, citing people with knowledge of the matter.

The nod was give for step two of four on the road to lifting the bank's asset cap.

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