News

Wells Fargo Stock Rises as Fed Removes $1.95T Asset Cap After 7 Years
WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.
Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...
Monitordaily3d
Wells Fargo Confirms Fed Removed Limits on Growth in Total Assets Imposed in 2018 Consent Order
Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all ...
Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...
Wells Fargo shares hit three-month high as Fed ends growth freeze
Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, ...
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 ...
Wells Fargo's asset cap is lifted by Federal Reserve after seven years
The Federal Reserve on Tuesday said that Wells Fargo (WFC) is no longer subject to the asset growth restriction the regulator ...
Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal
The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake ...
Wells Fargo jumps after Fed lifts long-standing asset cap
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.
Federal Reserve lifts Wells Fargo asset cap sanctions. What does that mean?
A brief background to understand why the fourth-largest bank in the country hadn’t been allowed to grow since 2018.
Morningstar3d
Wells Fargo: Positive News, as Asset Cap Lifted Earlier Than Expected; Shares Still Expensive
Wells Fargo announced ... Why it matters: The related consent order was the last major hurdle for the bank on the regulatory front, as it had cleared up some of its smaller consent orders within ...
The Manila Times on MSN3d
Wells Fargo escapes Fed's asset cap
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 ...