News

Federal Reserve lifts asset cap placed on Wells Fargo after 2018 fake accounts scandal
Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.
Wells Fargo just got a green light from the Fed to grow. Here’s what it means for its business and its stock.
Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of ...
Warren tussles with CNBC host over Wells Fargo, Fed
Sen. Elizabeth Warren (D-Mass.) and a CNBC anchor sparred Wednesday over the Federal Reserve’s decision to scrap an unprecedented penalty on Wells Fargo. In an interview with CNBC’s ...
InsuranceNewsNet16h
Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal
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 ...
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake accounts scandal
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 ...
Wells Fargo's handcuffs are off as Fed lifts asset cap imposed in 2018
After six-plus years under an asset cap imposed by the Federal Reserve, Wells Fargo (WFC) is now free to expand its balance ...
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 ...
Fed lifts Wells Fargo asset cap, clearing bank for growth as it rebuilds from scandal
After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...