3 ms·
"the Federal Reserve and the Federal Deposit Insurance Corporation will prohibit it from establishing new international units or acquiring a subsidiary that is
by moonshinefe 10y ago
"the Federal Reserve and the Federal Deposit Insurance Corporation will prohibit it from establishing new international units or acquiring a subsidiary that is not a bank."
Yeah, that'll show those Wells Fargo bankers. They could cause the loss of billions of dollars and millions of people's livelihoods, but gosh darn, they can't establish new international units or acquire subsidiaries in some cases.
I consider that commensurate punishment, and on par with people selling a few hundreds dollars in drugs going to jail for decades.