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Federal Reserve lifts asset cap placed on Well Fargo

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.”

Yahoo Finance · 7d

Wells Fargo Approaches End of Asset Cap as OCC Lifts 2015 Consent Order

A significant 2015 consent order was lifted by the U.S. Office of the Comptroller of the Currency (OCC), which moved Wells Fargo & Company (NYSE:WFC) closer to removing its $1.95 trillion asset cap. Significant regulatory progress has been made under CEO Charles Scharf,

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 ...

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 Banker29d

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.

Zacks Investment Research on MSN6d

Wells Fargo Shares Gain on Termination of 2015 OCC Agreements

Shares of Wells Fargo & Company WFC rose 1.1% following the company's announcement of termination of 2015 agreements by the ...

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