Wells Fargo Issues Statement Regarding Federal Reserve, FDIC Revised Submission Determination
April 24 2017 - 4:55PM
Business Wire
Wells Fargo & Company (NYSE:WFC) today issued the following
statement regarding the Board of Governors of the Federal Reserve
System and the Federal Deposit Insurance Corporation’s most recent
joint response to the company’s revised submission to its 2015
resolution plan under the “living will” process of the Dodd-Frank
Wall Street Reform and Consumer Protection Act:
“Earlier today, the Federal Reserve and the FDIC announced that
Wells Fargo’s Revised Submission adequately remedied the remaining
deficiencies.
“We are pleased with the agencies’ findings and remain committed
to sound resolution planning and preparedness as we finalize our
July 2017 submission.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $2.0 trillion in
assets. Founded in 1852 and headquartered in San Francisco, Wells
Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,500 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and
has offices in 42 countries and territories to support customers
who conduct business in the global economy. With approximately
273,000 team members, Wells Fargo serves one in three households in
the United States. Wells Fargo & Company was ranked No. 27 on
Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and
help them succeed financially.
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Wells Fargo & CompanyPeter Gilchrist, 704-715-3213
(Media)Jim Rowe, 415-396-8216 (Investors)
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