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Wells Fargo office logo in display. The decision by the US Federal Reserve to lift the long-standing asset cap on Wells Fargo marks a pivotal moment for the embattled American bank. While the ...
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture.It's a win for Wells ...
Wells Fargo (NYSE: WFC) is out of the penalty box, more than seven years after regulators put limits on growth in response to a fake-accounts scandal. It has been a lost decade for Wells Fargo.
NEW YORK (Reuters) -Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday ...
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts. The news that the Fed ...
Wells Fargo WFC0.88%increase; green up pointing triangle, one of the country’s largest banks, missed out on hundreds of billions of dollars of deposit growth when it was handcuffed by an asset cap.
Removal of Wells Fargo's name from Wells Fargo Arena in Des Moines will begin next week as the facility prepares to become Casey's Center beginning July 1. Ankeny-based Casey's General Stores has ...
Sen. Elizabeth Warren (D-Mass.) joins 'Squawk on the Street' to discuss the decision to lift Wells Fargo's asset cap, the documents it took to come to this decision and much more. G7 has been ...
Wells Fargo freed from shackles of fake-account scandal, and workers will get a taste of the rewards
"The Federal Reserve's decision to lift the asset cap marks a pivotal milestone in our journey to transform Wells Fargo," Wells Fargo CEO Charlie Scharf said. 40 Under 40 The San Francisco ...
Wells Fargo & Co. cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal. The U.S. Federal Reserve said ...
This story has been updated with an analyst's comments. Wells Fargo has finally broken free from the regulatory shackles that have constricted its growth for more than seven years. The Federal Reserve ...
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