Wells Fargo gets U.S. approval to use internal models for capital

WASHINGTON (Reuters) – Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital requirements.

The sign-off by the Federal Reserve and the Office of the Comptroller of the Currency comes about one year after the regulators gave similar approvals to other big banks. [ID: nL2N0LQ1M7]

(Reporting by Sarah N. Lynch; Editing by Sandra Maler)

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