Wells Fargo's CFPB settlement marks 'positive progress', Jefferies says

Dec. 20, 2022 12:52 PM ETWells Fargo & Company (WFC)KBEBy: Liz Kiesche, SA News Editor17 Comments

Wells Fargo Headquarters San Francisco


Wells Fargo's (NYSE:WFC) $3.7B settlement with the Consumer Financial Protection Bureau represents a "sign of positive progress" on moving toward the goal getting its asset cap removed, Jefferies analyst Ken Usdin wrote in a note to clients on

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