Senator Elizabeth Warren Calls For Changes to Wells Fargo
September 15, 2021
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1:55Now PlayingSenator Elizabeth Warren Calls For Changes to Wells Fargo
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as posted by the channelOn "Morning Hype," BNC GO host Michelle Fisher has a look at what's happening with finances and the economy.
Citing a string of scandals, Massachusetts Democratic Senator Elizabeth Warren is urging the feds to break up Wells Fargo. In a letter to the Federal Reserve, she asked regulators to separate the company's traditional banking activities from its non-banking activities. She cites the Bank Holding Company Act, which requires financial holding companies to be well-capitalized and well managed.
All this and more on "Morning Hype."
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