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.

 

 

Most Read

A Seat at the Table
Thrivent forms board to oversee new interval fund

Thrivent Financial is entering the interval fund business and has assembled a new board to oversee its first offering, the soon-to-be-launched Thrivent Church Loan & Income Fund. ...

Top of the Agenda - Legal
PIMCO 36(b) case dismissed

The parties in a 2014 lawsuit accusing PIMCO of overcharging Total Return Fund shareholders while lavishly compensating CIO Bill Gross and CEO Mohamed El-Erian agreed this week ...