On February 2, 2018, the Fed announced that it issued a consent Cease and Desist order with Wells Fargo—the bank holding company. The Fed’s press release noted that Wells is replacing 4 directors within this year (out of 17...more
2/6/2018
/ Bank Holding Company ,
Banking Sector ,
Banks ,
Board of Directors ,
Cease and Desist Orders ,
Federal Reserve ,
Financial Institutions ,
Regulation YY ,
Risk Management ,
Senior Managers ,
Wells Fargo
Yesterday the Fed published a proposed guidance document for its expectations for board of directors of banks. The release only applies to the boards of banks with over $50 billion in consolidated assets, but the intent of...more