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Fed Raises Makes Changes to Wells Fargo’s Asset Cap

Fed Raises Makes Changes to Wells Fargo’s Asset Cap

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FintechNews RoundupUSA
··1 min read

The Federal Reserve is making changes to the asset cap on Wells Fargo in order to get more money into the hands of small businesses; money lent through the central bank’s business lending programs won’t count towards their $1.95 trillion cap; the cap was initially put in place after the scandal involving fake accounts; the move to make changes was expected given Wells Fargo is the third largest bank in the US and it is important for them to be able to serve their customers during these challenging times. CNBC

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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