Wells Fargo fails 'living will' test, faces restrictions: U.S. regulators
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Evercore ISI Reiterates Buy on Wells Fargo (WFC) as Regulators announce Restrictions
December 14, 2016 6:42 AM ESTEvercore ISI reiterated a Buy rating and $58.00 price target on Wells Fargo (NYSE: WFC) following an announcement that the company did not adequately remedydeficiencies in its 2015 living will resolution plan. WFC will be subject to restrictions on certain business activities until the deficiencies are... More
Wells Fargo (WFC) Thinks It Will be Able to Address Federal Reserve, FDIC Concerns in Revised Resolution Plan Submission
December 13, 2016 4:54 PM ESTWells Fargo & Company (NYSE: WFC) today issued the following statement regarding the Federal Reserve Boards and the Federal Deposit Insurance Corporations joint response to its 2016 resolution plan submission under the living will process of the Dodd-Frank Wall Street Reform and Consumer Protection Act:
In October 2016, Wells Fargo... More
