Wells Fargo caps government small business lending at $10 billion [Reuters (UK)]
Wells Fargo & Company (WFC)
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Source: Reuters
Wells Fargo caps government small business lending at $10 billion - Reuters 1 Min Read (Reuters) - Wells Fargo & Co ( WFC.N ) said late Sunday that it will cap its participation in the federal small business rescue program at $10 billion due to regulatory constraints. The San Francisco-based lender said it has likely reached capacity based on the applications it has already received. The bank launched its application portal on Saturday. Reporting by Imani Moise; Editing by Tom Hogue All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2020 Reuters. All Rights Reserved.
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