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Reinstate Wells Fargo’s Asset Cap

Warren and Waters to the Fed: Reinstate Wells Fargo’s Asset Cap

The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the amount of assets the bank of assets can hold was warranted

Yahoo Finance · 2d

What's in Wells Fargo's future after the Fed's asset cap lift?

The Federal Reserve lifted Wells Fargo's (WFC) $1.95 trillion asset cap this week. Chris Whalen, chairman of Whalen Global Advisors, explains why Wells Fargo's focus is shifting toward retail banking and away from wholesale lending.

Reuters on MSN · 2d

Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth.

2don MSN

Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake ...

3don MSN

Fed lifts Wells Fargo restrictions placed after fake-accounts scandal

Since taking over in 2019, Scharf’s goal has been to convince the Federal Reserve that Wells Fargo had fixed its toxic ...

2don MSN

Wells Fargo Shares Hit Three-Month High as Fed Ends Growth Freeze

(Reuters) - Wells Fargo shares rose more than 3% in premarket trading on Wednesday, after the U.S. Federal Reserve lifted a ...

Morningstar2d

Wells Fargo just got a green light from the Fed to grow. Here's what it means for its business and its stock.

Wells Fargo & Co. cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal. The U.S. Federal Reserve said ...

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 ...

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