Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...

The fourth-largest U.S. bank will be allowed to grow again after years in purgatory.

The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...

The Federal Reserve has lifted the $1.95 trillion asset cap on Wells Fargo. The restriction was imposed in 2018 due to a ...

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 bank sees businesses as a rich vein of growth now that the Federal Reserve has removed a punitive asset cap.

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 ...

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 award. News Sports Opinion Business Advertise Obituaries eNewspaper Legals.

A brief background to understand why the fourth-largest bank in the country hadn’t been allowed to grow since 2018.

Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management order that had the asset cap. Wells Fargo has now closed 14 consent orders ...

The Federal Reserve on Tuesday voted to scrap a near-$2 trillion asset cap imposed on Wells Fargo over a 2016 scandal that uncovered millions of fake accounts and other consumer abuses.

San Francisco-based Wells Fargo, one of the nation’s largest banks, received welcome news on Tuesday when the Federal Reserve lifted restrictions on the company’s asset growth. The ...