News

S&P Global 'Positive' on Wells Fargo as Regulatory Burden Lifts
The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted ...
Elizabeth Warren Pushes Fed to Reinstate Wells Fargo’s Asset Cap
The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the ...
Wells Fargo CEO goes from fixer to builder as regulators lift punishments
Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a ...
How Charlie Scharf got Wells Fargo out of the penalty box
Wells Fargo chose Scharf as CEO in 2019 after a six-month search mired in controversy. His two predecessors, Tim Sloan and ...
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 Shares Hit Three-Month High as Fed Ends Growth Freeze
(Reuters) - Wells Fargo shares rose more than 3% in premarket trading on Wednesday, after the U.S. Federal Reserve lifted a ...
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 ...
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 ...
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 ...
Los Angeles Times3d
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 sought to move past a series of scandals in the last decade. The ...
Yahoo Finance3d
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
After an investigation by The Los Angeles Times in 2016, Wells Fargo shut down its sales culture and fired much of its leadership and board of directors. The fake accounts scandal cost Wells Fargo ...