Wells Fargo Asset Cap Is Now One of the Costliest Bank Penalties
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S. (Photographer: Peter Foley/Bloomberg)

Wells Fargo Asset Cap Is Now One of the Costliest Bank Penalties

(Bloomberg) -- Hitting banks with multibillion-dollar fines grabs headlines, but a Federal Reserve cap on Wells Fargo & Co.’s assets is becoming the industry’s true terror.
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