OREANDA-NEWS. April 01, 2015. Wells Fargo & Co. (NYSE: WFC) announced today the Federal Reserve Board and the 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 the second quarter of 2015. Additionally, the company noted that the approval did not include stipulations requiring Wells Fargo to increase its current estimated advanced approach risk-weighted assets (RWA).

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with \\$1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy.  With approximately 265,000 team members, Wells Fargo serves one in three households in the United States.  Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations.