UPDATE 2-Fed modifying asset cap so Wells Fargo can make more small business loans
07 Apr UPDATE 2-Fed modifying asset cap so Wells Fargo can make more small business loans
Posted at 17:39h
in
News
by KMFSLLP
The U.S. Federal Reserve
said on Wednesday it would “temporarily and narrowly” modify the
growth restriction on Wells Fargo & Co’s balance sheet,
allowing the bank to make more loans under government assistance
programs for small businesses hurt by the coronavirus
disruption.
![](http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/Bdo-P5pSw7g)
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