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Fed Lowers The Boom On Wells Fargo After Years Of Grotesque Scandals

In an unprecedented move, the Fed ordered the bank to halt growth over compliance issues.
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The Wells Fargo board is still getting a pass for failure

Business & Finance : Money & Co

On the surface, the Federal Reserve seemed really to lay the hammer on Wells Fargo & Co. for its accounts scandal and serial wrongdoing. In a sentence handed down Feb. 2, the Fed placed a cap on the bank’s future asset growth; the b...

Feds found sales issues at Wells Fargo as early as 2010

Business & Finance : USAToday: Money

Banking regulator report says feds missed chances to stop Wells Fargo fake accounts scandal        

S&P Downgrades Wells Fargo On "Unprecedented Regulatory Issues": Full Report

Business & Finance : Zero Hedge

Just days after the Fed slammed Wells Fargo stock by announcing an unprecedented enforcement action in which it prohibited the bank from "growing", effectively making it into a quasi-utility until it fixes its lacking internal contr...

Fed caps growth at Wells Fargo over sham accounts, other consumer abuses

Business & Finance : LA Times: Business

The Federal Reserve ordered Wells Fargo & Co. on Friday to cap its growth and improve its corporate governance, punishment for what the regulator called “widespread consumer abuses and other compliance breakdowns” at the San Francis...

US Fed Caps Wells Fargo's Assets in 'Unprecedented' Move

Business & Finance : Business from Newser

In what CNN calls an "unprecedented" punishment, the US Federal Reserve on Friday ordered Wells Fargo to halt all growth until "it sufficiently improves its governance and controls" in the wake of "pervasive and persistent misconduc...


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