The outgoing Federal Reserve Board chair had some harsh words — and harsh actions — for Wells Fargo & Co. on her way out the door.
Janet L. Yellen’s last day as chair of of the board of governors at the nation’s central bank was on Friday. On Monday, Jerome H. Powell was sworn in as chairman.
On Yellen’s last day, the Fed issued a cease and desist order against the San Francisco-based financial institution over multiple scandals that have been revealed over the past two years.
Source: Mortgage Daily