The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the ...

Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, ...

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...

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

WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.

Senator Elizabeth Warren (D-Ma.) is calling on the Federal Reserve to reverse its decision and reinstall its asset cap placed ...

The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...

The undoing of the penalty, which has hung over the Wall Street bank for seven years, marks a significant victory for CEO ...

The Federal Reserve on Tuesday said that Wells Fargo (WFC) is no longer subject to the asset growth restriction the regulator ...

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

The Fed board voted unanimously to lift the $1.95 trillion asset cap restriction, which was the first time the central bank ...

In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the ...