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News

Reinstate Wells Fargo’s Asset Cap

Zacks Investment Research on M… · 9d
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 · 10d
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.
Banking Dive · 10d
Wells Fargo’s Scharf assured over asset cap’s potential end
We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.
American Banker
3d
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.
3d
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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