Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions

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Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions May 14, 2018 / in Uncategorized / by Lindsay Following pressure from Sen. Elizabeth Warren, Federal Reserve Chair Jerome Powell has indicated that the Fed’s Board of Governors will hold a vote to decide whether or not to lift growth restrictions placed on the megabank.

The negative premarket price action comes after a federal judge late friday ruled the California utility firm could retain the sole rights to present its Chapter 11 bankruptcy plan, ending efforts.. Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth.

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Wells Fargo & Co must keep a lid on its growth until the bank has hardened its. of its customers, said Jerome Powell, chairman of the Federal Reserve.. “We do not intend to lift the asset cap until remedies to these issues have. asset growth restriction imposed on Wells Fargo will be made by a vote of.