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Wells Fargo Has $384 Billion of Lending Power Stymied by Fed Cap

  • Bank has suggested easing asset cap to boost lending in crisis
  • Fed is reluctant as the bank keeps working to address scandals
Wells Fargo Bank Branches As Teachers Union Drops Bank Amid Ties To Gun Industry
Photographer: Patrick T. Fallon/Bloomberg

Wells Fargo & Co. is a leading lender to small and midsize U.S. companies, home buyers and commercial property investors, and has capacity to unleash about $384 billion of additional loans to customers trying to weather the coronavirus pandemic.

But the bank can’t -- because it’s in the regulatory doghouse.