In the Margins

Fed to hold public vote on Wells Fargo restrictions

May 11, 2018

By Reuters

The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Sen. Elizabeth Warren. The Fed’s policy shift could make it tougher for Wells Fargo to shake off the unprecedented sanctions that the bank said on Thursday are expected to crimp earnings by around $100 million. Read the original story from Reuters.