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 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 ...
Wells Fargo has finally shed its dunce cap
Charlie Scharf, who took over as chief executive in 2019 after multiple scandals felled his two predecessors, has spent his ...
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 ...
MortgagePoint2h
Fed Removes Wells Fargo $1.95T Asset Cap
The Federal Reserve has completed its review of the bank's remediation efforts and has determined the company has satisfied ...
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 just got a green light from the Fed to grow. Here's what it means for its business and its stock. Wells Fargo & Co. on Tuesday cleared a major obstacle to its growth plans, opening the way ...
InsuranceNewsNet3h
Feds lift Wells Fargo asset cap penalty imposed after fake account scandal
The Federal Reserve determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction, the Board of Governors of the Federal Reserve ...
Wells Fargo Stock Rises as Fed Lifts Asset Cap After 7 Years
In a historic moment for the U.S. financial industry, the Federal Reserve said on Tuesday that it lifted the unprecedented ...
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 ...
InsuranceNewsNet3h
Wells Fargo freed from asset cap punishment imposed after fake account scandal
The Federal Reserve determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction, the Board of Governors of the Federal Reserve ...
Wells Fargo's asset cap is lifted by Federal Reserve after seven years
The Federal Reserve on Tuesday said that Wells Fargo (WFC) is no longer subject to the asset growth restriction the regulator ...
Fed lifts Wells Fargo's asset cap, citing progress from sales scandal
The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset ...