News

Fed lifts Wells Fargo's asset cap, citing progress from sales scandal
The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset ...
Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal
The Federal Reserve is loosening a major restriction on Wells Fargo (WFC) that was put in place following a fake accounts ...
Fed lifts curbs on Wells Fargo: All about the accounts scandal that invited $1.95-trillion asset cap penalty on US bank
The US Federal Reserve lifted asset growth restrictions on Wells Fargo, imposed after a fake accounts scandal in 2018. CEO ...
Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and ...
How Charlie Scharf got Wells Fargo out of the penalty box
When Charlie Scharf took over as Wells Fargo CEO nearly six years ago, he said its culture was broken. On Tuesday, the Fed ...
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 ...
Wells Fargo's long road to lifting $1.95 trillion asset cap
The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset ...