By Imani Moise
(Reuters) – Wells Fargo & Co (N:) said late Sunday that it will cap its participation in the federal small business rescue program at $10 billion due to regulatory constraints.
The San Francisco-based lender said it has likely reached capacity based on the applications it has already received. The bank launched its application portal on Saturday.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.