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Wells Fargo Stock Gains After Fed Lifts Asset Cap — Retail’s Elated
Wells Fargo (WFC) stock rose 3% in extended trading on Tuesday after the Federal Reserve lifted an asset cap imposed on the lender after seven years of punishment following a fake accounts scandal.
Fed lifts restrictions placed on Wells Fargo in 2018 because of its 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 ...
Wells Fargo asset cap lifted after 7 years, workers receive a surprise bonus
"The Federal Reserve's decision to lift the asset cap marks a pivotal milestone in our journey to transform Wells Fargo," CEO ...
How Charlie Scharf Got Wells Fargo Out of the Penalty Box
Scharf, 60, thanked Wells Fargo's 215,000 employees after they carried out his turnaround plans, one of the biggest in the ...
Wells Fargo scandals and sanctions entanglements began in 2016. Here’s the list
For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...
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 asset cap lifted, allowing bank to grow
The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion ...