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The bank has emerged from its deserved reprimand much more disciplined. Regulators should use this tool again.
Wells Fargo & Co. on Tuesday cleared a major obstacle to its growth plans, opening the way for the bank to grow after years ...
The giant lender can once again compete aggressively on all fronts to make up for lost ground in deposits.
A brief background to understand why the fourth-largest bank in the country hadn’t been allowed to grow since 2018.
Since taking over in 2019, Scharf’s goal has been to convince the Federal Reserve that Wells Fargo had fixed its toxic ...
In celebration of Wells Fargo's asset cap being lifted, the CEO promised all full-time workers a bonus. Here's how much ...
"The Federal Reserve's decision to lift the asset cap marks a pivotal milestone in our journey to transform Wells Fargo," CEO ...
After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...
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 ...
In a historic moment for the U.S. financial industry, the Federal Reserve said on Tuesday that it lifted the unprecedented ...
The Federal Reserve is loosening a major restriction on Wells Fargo (WFC) that was put in place following a fake accounts ...