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Tuesday, April 25, 2017

Regulators Issue Determination on Wells Fargo’s Revised Resolution Plan

The Federal Reserve Board and the FDIC have announced that Wells Fargo has adequately remediated deficiencies in its 2015 resolution plan after a second round of revisions. The agencies determined in December 2016 that Wells Fargo had not remedied deficiencies that had previously been identified in the bank’s plan to facilitate orderly resolution under the U.S. Bankruptcy Code in the event of a failure.

Read more.

1 comment:

Vinit Mohan said...

Wells Fargo Bank is one the growing bank in the US.

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