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Wells Fargo says Fed cap is limiting small-business relief

Bloomberg NewsbyBloomberg News
April 6, 2020
in All Posts
Reading Time: 2 mins read
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Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank’s growth. The company has capacity to lend $10 billion to small-business clients under the $349 billion U.S. program, but customers already have expressed […]

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