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After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...
Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.
Now, 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 ...
Now they (Wells Fargo) can play without having one arm tied behind their backs," Bankrate.com analyst Greg McBride said with ...
After six-plus years under an asset cap imposed by the Federal Reserve, Wells Fargo (WFC) is now free to expand its balance ...
In a historic moment for the U.S. financial industry, the Federal Reserve said on Tuesday that it lifted the unprecedented ...
The Federal Reserve said in Tuesday's three-paragraph statement it had "determined that Wells Fargo has met all the ...
The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank ...
The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.
Our opinions are our own. Megabank Wells Fargo offers a large network of branches, many ATMs and a variety of financial products. Monthly fees on basic bank accounts can be easily waived ...
The bank says it hopes to help improve the payments ecosystem and meet the needs of underserved customers through supporting ...
The lender's former chief of staff alleged the non-QM lender misrepresented loan characteristics to investors and regulators, ...
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