Wells Fargo said Sunday evening that it has exhausted its $10 billion capacity for lending under the SBA’s Paycheck Protection Program as the bank operates under a regulatory asset cap. In other words, amid the pandemic-induced downturn that has some talking of an impending economic depression, one of the nation’s largest lenders will largely be kept on the sidelines.  “Today, the company continues to operate in compliance with an asset cap imposed by its regulator due to actions of past…

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BING NEWS:
  • Wells Fargo Autograph℠ Card Review: Big Rewards, No Annual Fee
    Cardholders can rack up triple points across a wide swath of common spending categories like dining, travel, gas stations and streaming — all while paying no annual fee. This card offers ...
    04/21/2024 - 8:58 pm | View Link
  • Wells Fargo CD Rates: April 2024
    Your CD will automatically renew at the most recent rate if you don’t choose one of these options before the seven-day window closes. Depending on the term you choose, Wells Fargo’s online CDs ...
    04/17/2024 - 1:00 pm | View Link
  • The best Wells Fargo credit cards in April 2024
    Wells Fargo may not be the biggest credit card issuer in the US, but its appealing range of cards is worth considering. Whether you want to earn cash rewards for your spending, stock up on ...
    04/16/2024 - 8:09 pm | View Link
  • Wells Fargo Sells Maple Bond for First Time in Two Years
    Wells Fargo & Co. sold C$1.25 billion ($900 million) of debt in the Canadian bond market on Tuesday following a two-year hiatus, as the biggest US banks sell bonds after releasing first-quarter ...
    04/16/2024 - 8:32 am | View Link
  • Wells Fargo's Profit Falls but Beats Expectations
    Wells Fargo released $219 million from its reserves to cover potential loan losses. (Angus Mordant/Bloomberg News) Wells Fargo’s first-quarter earnings and revenue beat Wall Street's expectations.
    04/12/2024 - 11:10 am | View Link
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