Embattled Wells Fargo likely to operate under Fed-imposed growth cap into next year, CEO says
Wells Fargo & Co.'s stiff penalty from the Federal Reserve over its unauthorized accounts scandal and other consumer abuses will continue into next year, the bank's chief executive told investors Thursday.
The Federal Reserve in February ordered the bank to stop growing its assets beyond $1.95 trillion - where they stood at the end of last year - until the San Francisco banking giant can show
