Wells Fargo (WFC), the fourth-largest U.S. bank by assets, requires about $15 billion in new capital according to the regulators’ stress test, Bloomberg reported, citing a person familiar with the matter.
Wells Fargo’s assessment compares with the $34 billion gap at Bank of America Corp…JPMorgan Chase & Co. doesn’t need to raise its capital, people with knowledge of its results said, while Goldman Sachs Group Inc. and Bank of New York Mellon Corp. have taken actions that suggest they also passed their reviews.
They keep leaking the info. one name at a time.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!