About This EventGoldman Sachs Asset Management (Nasdaq: GPIQ/GPIX) will visit the Nasdaq MarketSite in Times Square. Goldman Sachs Asset Management is celebrating the success of their Premium ...

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The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts.

The Federal Reserve on Tuesday voted to scrap a near-$2 trillion asset cap imposed on Wells Fargo over a 2016 scandal that uncovered millions of fake accounts and other consumer abuses.

The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells can hit the gas on business lines it had kept idle.