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.
经过富国银行(Wells Fargo)的不懈努力,困扰该行七年的资产上限终于在本周二被解除。但这仍然是对无赖金融机构最奇怪、最严厉的惩罚之一。由于大肆欺诈客户,美联储(Fed)于2018年禁止该银行将资产增长到2万亿美元以上。上限是暂时的,但其影响却不是暂时的。
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