{"id":79438,"date":"2021-09-23T00:43:45","date_gmt":"2021-09-23T04:43:45","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=79438"},"modified":"2021-09-23T01:03:43","modified_gmt":"2021-09-23T05:03:43","slug":"feds-powell-says-wells-fargo-asset-cap-to-stay-in-place-until-problems-fixed","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2021\/feds-powell-says-wells-fargo-asset-cap-to-stay-in-place-until-problems-fixed.html","title":{"rendered":"Fed&#8217;s Powell says Wells Fargo asset cap to stay in place until problems fixed"},"content":{"rendered":"\n<p>(Reuters) Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo &amp; Co to fix its problems, and that it would take appropriate actions if the bank failed to do so. In 2018, the Federal Reserve ordered Wells Fargo to keep its assets below $1.95 trillion, until it had improved its governance and risk controls following sales practice scandals. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/article\/usa-fed-wells-fargo\/feds-powell-says-wells-fargo-asset-cap-to-stay-in-place-until-problems-fixed-idUSL1N2QO2I1\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo &amp; Co to fix its problems, and that it would take appropriate actions if the bank failed to do so. In [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79438","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=79438"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79438\/revisions"}],"predecessor-version":[{"id":79439,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79438\/revisions\/79439"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=79438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=79438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=79438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}