News Archive

Wells Fargo gets U.S. approval to use internal models for capital

Posted by: Admin | Posted on: March 31st, 2015 | 0 Comments

WASHINGTON (Reuters) – Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital requirements.

The sign-off by the Federal Reserve and the Office of the Comptroller of the Currency comes about one year after the regulators gave similar approvals to other big banks. [ID: nL2N0LQ1M7]

(Reporting by Sarah N. Lynch; Editing by Sandra Maler)

Article source:

Comments are closed.