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 Federal Reserve's asset cap has been the main brake on Wells Fargo's (NYSE:WFC) growth for years. With it now gone, Goldman Sachs' equity research team sees room for new, idiosyncratic ...

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

Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a major win for Chief ...

So far in 2025, the megabank has ironed out six regulatory issues, leaving only three such matters still unresolved.The largest of those remaining speed bumps is Wells Fargo's 2018 asset cap, a ...

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 ...

Just a week after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its fake sales scandal, the bank’s CFO detailed new growth plans. Over the past five years, risk and ...

February The Fed imposed an asset cap of $1.95 trillion on. 2018 the bank "until it sufficiently improves its. governance and controls" May 2019 CEO Tim Sloan resigned, becoming the second CEO to.