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Fed lifts Wells Fargo's asset cap, citing progress from sales scandal

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    Posted by Two Blokes Jun 4 - Filed in General - #TwoBlokesTrading  - 7 views
    The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal.