Wells Fargo Regulatory Progress

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Wells Fargo, Federal Reserve

Wells Fargo asset cap axed by Fed after ‘substantial progress’ from fake accounts scandal

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

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

U.S. News Money · 2d

Wells Fargo Escapes Fed's Asset Cap After Seven Years, Able to Pursue Growth

WASHINGTON (Reuters) - The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal.

Wells Fargo outlook upgraded to positive from stable by S&P Global Ratings

Wells Fargo’s profitability has been rising, with its adjusted preprovision net revenue increasing to nearly $30 billion in 2024 from $23.5 billion in 2022. The company’s return on tangible common ...

Wells Fargo CEO Scharf enters growth era with eye on Wall Street

Charlie Scharf can finally play offense. After more than a half-decade cleaning up Wells Fargo & Co.’s scandals, the chief ...

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Wells Fargo, Federal Reserve

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