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Wells Fargo ( WFC 0.79%) is out of the penalty box, more than seven years after regulators put limits on growth in response ...
The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank ...
In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the ...
Wells Fargo's asset cap is lifted after 7 years, unlocking growth potential. Explore the Series L preferred's yield benefits ...
Wells Fargo chose Scharf as CEO in 2019 after a six-month search mired in controversy. His two predecessors, Tim Sloan and ...
The cap was introduced following revelations that Wells Fargo employees had opened unauthorised accounts to meet sales ...
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...
The most daunting consent order shadowing Wells Fargo & Co. remains in the Federal Reserve's $1.95 trillion asset cap that ...
The regulator’s board Tuesday lifted the $1.95 trillion asset cap the bank has operated under since 2018, but certain ...
Now they (Wells Fargo) can play without having one arm tied behind their backs," Bankrate.com analyst Greg McBride said with Federal Reserve lifting of $1.97 trillion asset cap.
Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all ...
Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...