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Federal Reserve lifts asset cap placed on Well Fargo

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 growth restriction it imposed on Wells Fargo, the country’s third-largest bank,

Charlotte Observer on MSN · 2d

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 milestone.”

Reuters on MSN · 7d

Wells Fargo moves closer to lifting asset cap after US regulator closes consent order

Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 punishment on the bank, leaving it with one more major hurdle to clear.

Wells Fargo Confirms Termination of 2015 OCC Agreements

Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency’s 2015 agreements ...

20hon 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 ...

Bloomberg L.P.2mon

Wells Fargo Exits OCC Consent Order Tied to Home Loan Practices

Wells Fargo & Co. said the Office of the Comptroller of the Currency freed the bank from a 2021 consent order tied to deficiencies in its process for helping customers avoid foreclosure ...

American Banker28d

David Julian, ex-Wells Fargo exec who battled OCC, sounds off

Julian was highly critical of the OCC, arguing that the agency targeted him in order to distract from its own failures in supervising Wells Fargo during the era of sales misconduct at the bank.

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