Article 6SBTJ Outcry over stalemate on Gaetz report; Bernie Sanders’ Senate vote on blocking some arms to Israel fails – as it happened

Outcry over stalemate on Gaetz report; Bernie Sanders’ Senate vote on blocking some arms to Israel fails – as it happened

by
Helen Sullivan (now); with Maanvi Singh, LĂ©onie C
from US news | The Guardian on (#6SBTJ)

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The Federal Reserve must not remove Wells Fargo's $1.95tn asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the US central bank on Wednesday, reports Reuters.

In a letter to Fed chair, Jerome Powell, and the central bank's regulatory chief, Michael Barr, Warren said the Fed must reject Wells Fargo reported appeal to have the punishment imposed in 2018 lifted until it can show that it can properly manage the risks associated with running a large bank".

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