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After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...
Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...
The regulator’s board Tuesday lifted the $1.95 trillion asset cap the bank has operated under since 2018, but certain ...
Wells Fargo shares rose 3.5% in premarket trading Wednesday after the Federal Reserve lifted a key restriction that had capped the bank’s asset growth since 2018.
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...
The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.
On June 4, the Federal Reserve lifted the long-standing asset cap on Wells Fargo & Company (NYSE:WFC), signaling a ...
Wells Fargo & Co. WFC +3.27% + Free Alerts just got a green light from the Federal Reserve to break free from a major ...
The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells ...
Wells Fargo CEO Charles Scharf joins CNBC's 'Squawk on the Street' to discuss the San Francisco-based lender's response to ...
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 ...
The US Federal Reserve lifted asset growth restrictions on Wells Fargo, imposed after a fake accounts scandal in 2018. CEO ...