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Wells Fargo

Fed orders Wells Fargo to halt growth over compliance issues

Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve on Friday that sent its shares down sharply in after-hours trading, as the third-largest U.S. bank continues to reel from a sales scandal that erupted in 2016. Wells is not allowed to grow beyond the $1.95 trillion in assets it had …

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