Fed orders Wells Fargo to halt growth over compliance issues – Reuters

Fed orders Wells Fargo to halt growth over compliance issues – Reuters

Reuters

Fed orders Wells Fargo to halt growth over compliance issues
Reuters
WASHINGTON (Reuters) – The Federal Reserve ordered Wells Fargo on Friday to halt its growth until it fixes systemic compliance problems that led to consumer abuses, in an unprecedented move that saw the lender's shares fell sharply in after hours
Wells Fargo shares dive after Fed replaces four board members, restricts bank's growth citing 'consumer abuses'CNBC


The Fed drops the hammer on Wells FargoCNNMoney
The Federal Reserve cracks down on Wells Fargo over scandal involving sham accountsWashington Post
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