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 ...

Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, ...

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 ...

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 ...

The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells ...

The decision closes the door on a decade of regulatory woes for the nation’s fourth-largest lender and is a major victory for Wells Fargo CEO ... the substantial progress the bank has made ...

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 ...

Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...