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Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...
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 had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...
Federal regulators moved to lift an unprecedented punishment that had handcuffed growth at Wells Fargo, a milestone in the ...
The Fed board voted unanimously to lift the $1.95 trillion asset cap restriction, which was the first time the central bank had directly ordered a bank to stop growing in order to address ...
Wells Fargo shares climbed 3% following the Federal Reserve’s announcement that the bank is no longer subject to the asset growth restriction from the Board’s 2018 enforcement action. The Fed’s ...
The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells ...
Wells Fargo shares surged 3% after the Federal Reserve lifted its asset growth restriction, a key penalty from a 2018 ...
The Federal Reserve said in Tuesday's three-paragraph statement it had "determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth ...
Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...
Wells Fargo has met all the requirements set out in the 2018 enforcement action, says US central bank - Anadolu Ajansı ...
Wells Fargo has finally been released from the Federal Reserve's seven-year-long $1.95 trillion asset cap, imposed after a ...