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Wells Fargo Says Lift Asset Cap To Helps SMBs

PYMNTS

loan market’s shares. CEO Charles Scharf said the bank is doing everything it could to create capital, but it is “limited” in all it can do to extend more credit, and thus is requesting that the cap be lifted for now. Wells Fargo boasts a $1.9 trillion balance sheet and has 9 percent of the U.S.

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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.