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Reinstate Wells Fargo’s Asset Cap

Wells Fargo No Longer Faces Federal Reserve's 2018 Asset Cap

The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts.

Yahoo Finance · 2d

Exclusive: Sen. Warren urges Fed to reconsider removing Wells Fargo asset cap

Senator Elizabeth Warren (D-Ma.) is calling on the Federal Reserve to reverse its decision and reinstall its asset cap placed on major bank Wells Fargo (WFC). The US central bank released Wells Fargo from its cap that held its total assets at $1.

The Washington Post · 4d

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 for having a toxic sales and banking culture

3don 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 ...

2don MSN

What’s next for Wells Fargo as growth limit penalty ends? Finance experts weigh in

In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the ...

Morningstar3d

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 ...

4don 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 ...

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