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Wells Fargo Says Lift Asset Cap To Helps SMBs

PYMNTS

Now, the bank said it can only lend $10 billion of the overall $350 billion the government wants to be sent out to mitigate damage to small- and medium-sized business (SMB) owners during the coronavirus pandemic. But under the restrictions, the bank will only be doing 3 percent of the total aid for the country’s SMB owners.

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Dear Mr./Ms. Bank Regulator

Jeff For Banks

John Whatshisname Examiner In Charge Bank Regulatory Body 1 Bureaucrat Way, NW Washington, DC 20429 Mr. Whatshisname, Below is our response to the Matters Requiring Attention ("MRA") that were included in your most recent examination report on Schmidlap National Bank ("Schmidlap"). So, no, we are not re-doing our capital plan.