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News

Fed lifts Wells Fargo asset cap, clearing bank for growth

Zacks Investment Research on M… · 8d
Wells Fargo's CEO Shows Confidence Over $1.95T Asset Cap Potential End
On Wednesday, at the Bernstein Conference, Wells Fargo & Company’s WFC CEO Charlie Scharf expressed confidence in the bank’s regulatory improvements, signalling that the bank is inching closer to the point of lifting the $1.
Seeking Alpha on MSN · 9d
Wells Fargo is 'very, very confident' it's close to getting asset cap lifted, CEO says
Wells Fargo (NYSE:WFC) is "very, very confident" that the Federal Reserve's asset cap on the bank will get lifted, CEO Charlie Scharf said on Wednesday at an investor conference, though he can't estimate exactly when that will be.
The Des Moines Register on MSN · 2d
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 award
American Banker
2d
Wells shed its asset cap — but it isn't clear why
The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.
2d
Wells Fargo shares rise as asset cap removal sparks deposit and trading boost
Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...

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