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Wells Fargo's asset cap, imposed by the Federal Reserve in 2018, has been lifted, allowing the bank to resume growth efforts.
"The Federal Reserve's decision to lift the asset cap marks a pivotal milestone in our journey to transform Wells Fargo," CEO ...
The bank has emerged from its deserved reprimand much more disciplined. Regulators should use this tool again.
Wells Fargo just got a green light from the Fed to grow. Here's what it means for its business and its stock. Wells Fargo & Co. cleared a major obstacle to its growth plans, opening the way for the ...
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...
Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...
The Federal Reserve said late Tuesday that Wells FargoWFC is no longer subject to asset growth restrictions imposed in 2018. Wells stock rose overnight, climbing within a buy zone and topping another ...
The giant lender can once again compete aggressively on all fronts to make up for lost ground in deposits.
(Reuters) - Wells Fargo shares rose more than 3% in premarket trading on Wednesday, after the U.S. Federal Reserve lifted a ...
A brief background to understand why the fourth-largest bank in the country hadn’t been allowed to grow since 2018.
When Charlie Scharf took over as Wells Fargo CEO nearly six years ago, he said its culture was broken. On Tuesday, the Fed ...
Wells Fargo has finally been released from the Federal Reserve's seven-year-long $1.95 trillion asset cap, imposed after a ...