The Federal Reserve said Friday it is restricting Wells Fargo’s size in response to “widespread consumer abuses.”As a result, Wells Fargo plans to replace three directors by April and a fourth by the end of the year, CNBC reported. Would You Put Cannabis in Your Coffee? Shares of the bank fell more than 2 percent in after-hours trading.Photo Credit: Getty Images
Source: NBC San Diego
Federal Reserve Imposes New Penalties on Wells Fargo
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