Wells Fargo sheds low risk assets

Wells Fargo cut assets with low risk-weights in the second quarter as it grappled with a regulator-imposed limit on balance sheet growth.

The San Francisco-based lender shed $35.7 billion (1.9%) worth of assets over the three months to June 30, reducing its balance sheet to $1.88 trillion. 

However, the regulatory balance sheet, which values assets according to the likelihood they could sour and blow a hole in the bank’s capital buffers, edged up slightly. Risk-weighted assets (RWAs) grew an

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