Fed orders Wells Fargo to halt growth over compliance issues

WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve on Friday that sent its shares down sharply in after-hours trading, as the third-largest U.S. bank continues to reel from a sales scandal that erupted in 2016.

from Reuters: Business News http://ift.tt/2EBjDbI