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KM Financial Solutions | UPDATE 2-Fed modifying asset cap so Wells Fargo can make more small business loans
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UPDATE 2-Fed modifying asset cap so Wells Fargo can make more small business loans

07 Apr UPDATE 2-Fed modifying asset cap so Wells Fargo can make more small business loans

Posted at 17:39h in News by
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The U.S. Federal Reserve
said on Wednesday it would “temporarily and narrowly” modify the
growth restriction on Wells Fargo & Co’s balance sheet,
allowing the bank to make more loans under government assistance
programs for small businesses hurt by the coronavirus
disruption.

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