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Reinstate Wells Fargo’s Asset Cap

Barron's on MSN · 15h

Warren and Waters to the Fed: Reinstate Wells Fargo’s Asset Cap

The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the amount of assets the bank of assets can hold was warranted

The Des Moines Register on MSN · 2d

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 award

Bloomberg · 3d

Wells Fargo Asset Cap Lifted by Fed, Paving Way for Growth

Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a major win for Chief Executive Officer Charlie Scharf.

American Banker2d

Wells shed its asset cap — but it isn't clear why

The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.

2d

Wells Fargo shares rise as asset cap removal sparks deposit and trading boost

Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...

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