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)

Filed in: Top News Tags: 

You might like:

Rising Medicare costs leave many U.S. seniors with a flat COLA Rising Medicare costs leave many U.S. seniors with a flat COLA
Economist Dan Ariely has a fix for our financial foibles Economist Dan Ariely has a fix for our financial foibles
Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt
Global banks flag concerns over U.S. Senate tax proposal Global banks flag concerns over U.S. Senate tax proposal
Wells Fargo consumer lending head axed after disparaging regulators: source Wells Fargo consumer lending head axed after disparaging regulators: source
Wells Fargo dismisses consumer lending head Codel Wells Fargo dismisses consumer lending head Codel
Hedge fund bet on Glencore backfires with $100 million loss Hedge fund bet on Glencore backfires with $100 million loss
Wells Fargo dismisses consumer lending head Franklin Codel Wells Fargo dismisses consumer lending head Franklin Codel
© 2017 Stock Investors News. All rights reserved. XHTML / CSS Valid.