Sources: U.S. Asking Wells Fargo To Boost Capital (NPR)
May 4, 2009 by admin
Filed under Wells Fargo
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Regulators are asking Wells Fargo & Co. to raise more capital after government “stress tests” showed the bank would have trouble surviving if the recession worsens. Wells Fargo is one of several banks that regulators will force to boost their buffers against losses, according to sources.