Monday, April 24, 2017

Wells Fargo clears living will hurdle; sanctions removed by Fed, FDIC

It’s been a rough few months for Wells Fargo, but the megabank got a rare bit of good news on Monday when the Federal Reserve Board and the Federal Deposit Insurance Corporation announced that the bank successfully remedied the issues in its 2015 “living will,” which will remove a series of sanctions from the bank.

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