Fed's Quarles to recuse himself from Wells Fargo matters
Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any matters concerning Wells Fargo & Co, the nation's third largest bank. Quarles, who joined the Fed on October 13, is regarded as the country's top banking regulator and will be a critical voice as the central bank rethinks how it approaches bank supervision.
Randal Quarles, who is vice chairman for supervision at the Federal Reserve, says he will recuse himself from participating in matters specific to Wells Fargo & Co. The Fed announced the decision on Friday, ...
Wells Fargo's Shrinking Loan Portfolio Drags Down Market Share Of Largest U.S. Banks
Posted on Dec 14, 2017 (2 days ago)
The total loan portfolio of the five largest U.S. banks crossed $3.7 trillion for the first time in Q3 2017. However, outstanding loans for these banks have grown by just 1.8% over the last twelve months – a figure that is roughly half the 3.4% loan growth reported by the U.S. banking industry