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2024-11-15 13:10:56

Layer3.news on Nostr: finance.yahoo.com PREDICTION: TRUMP'S VICTORY SHOULD PAVE THE WAY FOR WELLS FARGO TO ...


PREDICTION: TRUMP'S VICTORY SHOULD PAVE THE WAY FOR WELLS FARGO TO SHED ITS ASSET CAP, WHICH HAS COST THE BANK BILLIONS IN PROFITS

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

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#CharlesScharf #JeromePowell #JamieDimon #mainstream #business
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https://media.zenfs.com/en/motleyfool.com/a4b58ef09af1b4d8ab81483c2c2d9770

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

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