Wall Street appears to have beaten Washington to the punch. While lawmakers enter the home stretch on regulatory reform with Thursday’s Senate vote, the financial industry has already started to shake up how it does business ahead of the proposed new rules. Just last week, Wells Fargo said it planned to shutter its more than 600 Wells Fargo Financial stores across the country and announced it was no longer going to make mortgage loans to people without stellar credit.
‘Too big to fail’ banks may try to get smaller
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