The Fed is modifying Wells Fargo’s asset cap so it can help lend to small business

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The Federal Reserve is modifying the asset cap it has imposed on Wells Fargo so the bank can participate in the government’s business lending programs.


The change allows the bank to participate in the central bank’s business lending program without having it count against the $1.95 trillion cap that will remain in place

https://www.cnbc.com/2020/04/08/the-fed-is-lifting-wells-fargos-asset-cap-so-it-can-help-lend-to-small-business.html

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