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 e

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: