The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95-trillion asset cap that the regulator imposed on the bank in 2018, following its ...

WASHINGTON — Wells Fargo has been released from a punitive, seven-year, $1.95 trillion cap on its assets after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue ...

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Wells Fargo Is Allowed to Grow Again After 7 Years Under Asset-Cap Penalty. Fourth-largest U.S. bank can gather deposits, increase loans and expand its Wall Street businesses. By . Gina Heeb.

Shares of financial giant Wells Fargo & Co (NYSE:WFC) are up 2.2% before the bell, after the Federal Reserve officially lifted its long-standing asset cap on the bank. The restriction, imposed in ...