Sen. Elizabeth Warren (D-Mass.) and a CNBC anchor sparred Wednesday over the Federal Reserve’s decision to scrap an unprecedented penalty on Wells Fargo. In an interview with CNBC’s Sara Eisen ...

"We are a different and far stronger company today because of the work we’ve done,” said Wells Fargo CEO Charlie Scharf in a statement. Scharf also announced that each of the 215,000 employees ...

The Federal Reserve has lifted the asset cap on Wells Fargo, imposed in 2018 due to its toxic sales culture. Skip to content. NOWCAST KSBW Action News 8 Midday.

Wells Fargo is out of the penalty box, more than seven years after regulators put limits on growth in response to a fake-accounts scandal. Investors are relieved, sending Wells Fargo shares up 3% ...

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.

Freedom to grow. It has been a lost decade for Wells Fargo. Nearly 10 years ago, the commercial banking powerhouse disclosed it had opened millions of unauthorized customer accounts to pad growth ...

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 ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016. That’s the year that the bank ...

The Federal Reserve lifted the $1.95 trillion asset cap on Wells Fargo, imposed in 2018 due to various scandals. This decision allows Wells Fargo, once the Des Moines metro's largest employer, to ...