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Business & Economics

Investors hopeful Wells Fargo asset cap will be removed in 2025

Reuters
Summary
Nutrition label

80% Informative

Wells Fargo is operating under an asset cap mandated by the Federal Reserve in 2018 , preventing it from growing until regulators deem it has fixed problems dating back to the 2016 fake-accounts scandal.

Investors say this shows progress toward fixing corporate governance issues and an ability to work with regulators.

Since January , the bank has closed two consent orders by the Fed , two by the Comptroller of Currency and one by the Consumer Finance Protection Bureau .

VR Score

91

Informative language

98

Neutral language

65

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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