What immediate effect did the Federal Reserve's cease and desist order have on Wells Fargo's stock?
Fed Orders Wells Fargo to Clean Up Its Act

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The stock value remained stable.
The stock value increased.
The stock value decreased.
The stock value doubled.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges Wells Fargo faces due to the Federal Reserve's order?
Increasing their balance sheet.
Limiting the number of deposits they can take.
Expanding their mortgage origination.
Reducing their customer base.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What changes are necessary for Wells Fargo to lift the Federal Reserve's ban?
Reducing employee salaries.
Improving risk management systems and changing board members.
Expanding their branch network.
Increasing their marketing budget.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does the Federal Reserve play in Wells Fargo's board of directors?
They manage the board's daily operations.
They influence board member selection and hold them accountable.
They dictate the board's salary.
They appoint the CEO.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which competitor is likely to benefit from Wells Fargo's challenges?
Deutsche Bank
Goldman Sachs
Bank of America
HSBC
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