News

Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...
Wells Fargo Stock Rises as Fed Removes $1.95T Asset Cap After 7 Years
WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.
S&P Global 'Positive' on Wells Fargo as Regulatory Burden Lifts
The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted ...
Wells Fargo asset cap axed by Fed after ‘substantial progress’ from fake accounts scandal
The Fed board voted unanimously to lift the $1.95 trillion asset cap restriction, which was the first time the central bank ...
Wells Fargo, The Fed, DOJ v. Google, TikTok Ban: Votes and Verdicts
The June 3 lifting of Wells Fargo's asset cap imposed by the Federal Reserve in 2018 was among the key catalysts Bloomberg ...
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 ...
Letting Wells Fargo off the Leash Will Rattle Regional Banks
The giant lender can once again compete aggressively on all fronts to make up for lost ground in deposits.