A JP Morgan exec warned of an "overcrowding" stablecoin market as the bank applies to trademark JPMD for a "virtual currency" ...

According to a report by the Wall Street Journal, Amazon and Walmart are mulling plans to introduce a US dollar-backed ...

The potential stunting of innovation follows an economic slowdown during the coronavirus pandemic, when companies also had to put projects on hold. Some experts think the on-again-off again tariffs ...

The Federal Reserve has lifted the $1.95 trillion asset cap on Wells Fargo. The restriction was imposed in 2018 due to a series of scandals. This decision allows Wells Fargo to pursue growth ...

Wells Fargo's asset cap has been lifted after 7 years, removing a major growth restriction and opening new business opportunities.

The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted balance sheet growth so the bank could address rampant governance and compliance ...

Meanwhile, Wells Fargo has spent at least $2.5 billion on risk management and regulatory resolution functions. It has 10,000 more employees in those areas than it did in 2018.

Wells Fargo received regulatory clearance Tuesday to grow its balance sheet for the first time in seven years, after the Federal Reserve lifted a punitive $1.95 trillion cap on the bank's assets. The ...

WASHINGTON, D.C. ― Wells Fargo was released from a punitive, seven-yearlong $1.95-trillion cap on its assets on Tuesday after the US Federal Reserve (Fed) lifted the regulatory measure, allowing the ...

Sen. Elizabeth Warren (D-Mass.) and a CNBC anchor sparred Wednesday over the Federal Reserve’s decision to scrap an unprecedented penalty on Wells Fargo. In an interview with CNBC’s Sara Eisen ...

The Federal Reserve has lifted the asset cap on Wells Fargo, imposed in 2018 due to its toxic sales culture. Skip to content. NOWCAST KSBW Action News 8 Midday.

"We are a different and far stronger company today because of the work we’ve done,” said Wells Fargo CEO Charlie Scharf in a statement. Scharf also announced that each of the 215,000 employees ...