The asset cap under which Wells Fargo laboured for seven years — finally lifted on Tuesday — remains one of the weirdest, and harshest, penalties meted out to a rogue financial institution. Having extensively defrauded customers, the bank was barred by the Federal Reserve in 2018 from growing its assets above $2tn. The cap was temporary; its impact is not.
經過富國銀行(Wells Fargo)的不懈努力,困擾該行七年的資產上限終於在本週二被解除。但這仍然是對無賴金融機構最奇怪、最嚴厲的懲罰之一。由於大肆欺詐客戶,美聯準(Fed)於2018年禁止該銀行將資產成長到2兆美元以上。上限是暫時的,但其影響卻不是暫時的。
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