Fed's Wells Fargo Punishment Sets Precedent For Harsher Era

The Federal Reserve just devised a harsh new punishment after Wells Fargo landed in scandal after scandal - one that may haunt every big bank. The San Francisco-based lender was banned late Friday from growing until it convinces authorities it's addressing shortcomings - an action that could cost it $400 million in profit this year and pushed shares down by the most in more than two years on Monday.

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News