News

A major SC bank is sprung from the Fed's penalty box after 7 long years
The Federal Reserve last week untethered Wells Fargo & Co. from punishing growth restraints it imposed on South Carolina's ...
How Charlie Scharf Got Wells Fargo Out of the Penalty Box
Scharf, 60, thanked Wells Fargo's 215,000 employees after they carried out his turnaround plans, one of the biggest in the ...
Champagne Toasts, Big Ambitions: Wells Fargo CEO Embraces Newfound Freedom
Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong ...
Wells Fargo CEO Goes From Fixer to Builder as Regulators Lift Punishments
Scharf, 60, took the helm at Wells Fargo in 2019, vowing to repair its deeply entrenched problems from a fake-accounts ...
Fed lifts Wells Fargo asset cap, clearing bank for growth as it rebuilds from scandal
After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...
Banking Dive11d
Wells Fargo’s Scharf assured over asset cap’s potential end
We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.
Wells Fargo Asset Cap Lifted by Fed, Paving Way for Growth
Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, ...
Devdiscourse4d
Wells Fargo's Asset Cap Lifted: A New Era of Growth for the Banking Giant
Wells Fargo's asset cap, imposed by the Federal Reserve in 2018, has been lifted, allowing the bank to resume growth efforts.
Wells Fargo’s Scharf Enters Growth Era Targeting Wall Street (1)
Charlie Scharf can finally play offense. The unshackling of Wells Fargo sets up stiffer competition among the biggest US banks — and a new chapter for Scharf, who has sought to keep a low ...