Daily News: April 7, 2015

Wells to Use “Advanced Approaches” for Capital Requirements

Wells Fargo & Company announced the Federal Reserve Board and Office of the Comptroller of the Currency have permitted it and its national subsidiary banks to begin using the “advanced approaches” capital framework to determine risk-based capital requirements starting in Q2/15.

Additionally, the company noted the approval did not include stipulations requiring Wells Fargo to increase its current estimated advanced approach risk-weighted assets.