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Deposits

House passes their version of housing legislation, 396 to 13

Community banking, Deposits, Housing, Politics and policy, Regulation and compliance /

Key insight: A retooled version of housing legislation passed the lower chamber by a wide bipartisan margin, including with active support from many Democrats for community bank measures.  What’s at stake: As the bill goes back to the Senate, institutional investor and community bank measures are still in play.  Forward look: The Senate can choose […]

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Wells Fargo: End of asset cap is not a “light-switch moment”

Wells Fargo: End of asset cap is not a “light-switch moment”

Deposits, Regulation and compliance, Wells Fargo /

Regulators decision to lift Wells Fargo’s asset cap after seven years leaves the San Francisco-based bank better positioned for growth but won’t result in significant near-term gains, CFO Michael Santomassimo said.Eric Thayer/Bloomberg Wells Fargo has more flexibility, and its bankers can go about their business in a more “front-footed” fashion, now the Federal Reserve has

Wells Fargo: End of asset cap is not a “light-switch moment” Read More »