Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal 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 ...

In a historic moment for the U.S. financial industry, the Federal Reserve said on Tuesday that it lifted the unprecedented ...

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...

At the time, Scharf said that once the cap was lifted Wells Fargo would be able to expand in a "controlled and linear way," especially within corporate deposits and its corporate and investment ...

The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells ...

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 Reserve ...

The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...

(Reuters) -The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 ...

Earn a $100 cash rewards bonus when you spend $500 in purchases in the first 3 months. The Wells Fargo Attune℠ Card is designed to encourage health and wellness — of the self, one’s pets and ...

Lalita Clozel covered banking and fintech policy for The Wall Street Journal in Washington D.C.

Some regulators, such as acting FDIC Chair Travis Hill, have signaled that a proposal is imminent. He suggested that ...