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2024-11-15 13:10:56
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finance.yahoo.com on Nostr: finance.yahoo.com ✍️ Wells Fargo's asset cap, imposed by the Federal Reserve in ...



✍️ Wells Fargo's asset cap, imposed by the Federal Reserve in 2018, has cost the bank billions in profits. With a Trump presidency, the bank may finally be able to shed the cap and increase its loan portfolio.
👉 Wells Fargo's asset cap has cost the bank billions in profits
👉 The bank has made significant progress in cleaning up its operations and governance
👉 A Trump presidency could pave the way for the bank to remove the asset cap
👉 The bank has submitted its plans to the Fed and has completed much of the required legwork

#CharlesScharf #JeromePowell #JamieDimon #mainstream #business

https://media.zenfs.com/en/motleyfool.com/a4b58ef09af1b4d8ab81483c2c2d9770

https://finance.yahoo.com/news/prediction-trumps-victory-pave-way-094500677.html

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