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Fed removes restrictions on Wells Fargo after fake-accounts scandal
The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has ...
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 ...
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 ...
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
Since taking over in 2019, Scharf’s goal has been to convince the Federal Reserve that Wells Fargo had fixed its toxic ...
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Wells Fargo sheds asset cap, ending seven years of handcuffs
The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells ...
Wells Fargo asset cap axed by Fed after ‘substantial progress’ from fake accounts scandal
The Fed board voted unanimously to lift the $1.95 trillion asset cap restriction, which was the first time the central bank ...
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Wells Fargo changes the rules: Here’s what bank transfers will look like atarting May 22, 2025
the document that governs the use of its online banking services. According to an official statement from Wells Fargo, starting on the specified date, the bank will have the right to reject or ...
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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.
How Charlotte’s top banks fared in customer satisfaction. There’s a clear winner
Market research firm J.D. Power released a series of surveys comparing national banks. One in Charlotte stands out.
75 burrito bowls later, Wells Fargo proved Chipotle’s portion controversy isn’t just online noise
The analysts, led by Zachary Fadem, conducted the study across eight Chipotle locations in New York City. Of the 75 burrito ...
Wells Fargo eyes growth to take on Wall Street
Charlie Scharf can finally play offence. After more than a half-decade cleaning up Wells Fargo & Co's scandals, the chief ...
Fed lifts restrictions placed on Wells Fargo over its fake accounts scandal
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 ...