Federal Reserve imposes more penalties on Wells Fargo

WASHINGTON — The Federal Reserve is imposing more penalties on Wells Fargo, freezing the bank’s growth until it can prove it has improved its internal controls. In addition, bank agreed to replace four board members. It’s the latest blow against the San Francisco bank that has had its reputation tarnished by revelations it opened phony...

from New York Post http://ift.tt/2nE8bnq