Wells Fargo Sends Fed a Crucial Review for Lifting Asset Cap [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance
Most Read from Bloomberg Behind the scenes, the firm has submitted a third-party review of its risk and control overhauls to the Fed for the central bank's analysis and sign-off, according to people familiar with the matter. That follows a years-long process in which Wells Fargo had to submit a plan and get it accepted — which took multiple tries — and then enact it and hire an outside auditor to assess its implementation. Shares of San Francisco-based Wells Fargo surged as much as 6.5% after Bloomberg News reported the submission, their biggest intraday increase in seven months. Wells Fargo executives still see the cap stretching at least into next year while the Fed reviews the submission, the people said, asking not to be identified discussing the confidential matter. Along the way, the regulator could request more information or additional work. And, even then, removing the restriction requires a vote by the full Fed board. Spokespeople for Wells Fargo and the Fed decline
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News
- Federal Home Loan Bank of Dallas and Wells Fargo Bank Celebrate Grand Opening of Weslaco Affordable Apartments [Yahoo! Finance]Yahoo! Finance
- Wells Fargo sends Fed a review for lifting asset cap: Bloomberg [Yahoo! Finance]Yahoo! Finance
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- Wells Fargo employee dying at her desk ‘sheds light on the reality of what it means' to work at the bank, says union [Yahoo! Finance]Yahoo! Finance
- Wells Fargo exec Ruth Jacks shares how she came out at work [Yahoo! Finance Canada]Yahoo! Finance Canada
WFC
Earnings
- 7/12/24 - Beat
WFC
Sec Filings
- 9/20/24 - Form 424B2
- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- WFC's page on the SEC website