Wells Fargo trims expected hit from regulatory cap on assets

Ross Kerber | May 10, 2018

Wells Fargo trims expected hit from regulatory cap on assets
Wells Fargo & Co (WFC.N) on Thursday said a cap on the bank’s growth imposed by regulators after-sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations. The lender is under Federal Reserve orders to keep its assets below $1.95 trillion until governance and controls improve, and said at its annual investor day that net interest income would remain flat in 2018.

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Admittedly, it is a bit odd phrasing anything as the history of Bitcoin, since it only got its start a decade ago. However, the short life of this pioneering cryptocurrency is already storied with drama, innovation, and memes (the glorious memes). The background to Bitcoin’s start is peppered


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Spotlight

Admittedly, it is a bit odd phrasing anything as the history of Bitcoin, since it only got its start a decade ago. However, the short life of this pioneering cryptocurrency is already storied with drama, innovation, and memes (the glorious memes). The background to Bitcoin’s start is peppered

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