The OCC’s enforcement action restricts Wells Fargo from expanding some of its new offerings without written approval, but ...
Under Trump, bank deal approvals are likely to “speed up markedly and the process will be more clearly delineated,” one ...
Although the OCC doesn’t cite any specific banks, analysts point to Wells Fargo when interpreting the statement that the new policy “is focused on larger and more complex banks the OCC ...
Wells Fargo has also been subject to an asset cap ... The bank must also receive the OCC’s approval to open new branches, enter new markets and launch new products and services.
Wells Fargo and Bank of America each closed six branches ... The latest data, registered with the Office of the Comptroller of the Currency (OCC), suggests that banks are on course to close ...