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The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...
Wells Fargo’s regulators have closed 11 consent orders since 2019. Wells Fargo also decided to trim down its home lending business in 2022, partly due to regulatory issues.
The megabank, which has spent years trying to improve its regulatory compliance, now has just one consent order remaining.
After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...
Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 ...
Wells Fargo was slapped with several federal agency ... In March, the OCC terminated its 2021 consent order related to loss mitigation practices in the company’s Home Lending business.
Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all ...
The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated ...
The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.
The most daunting consent order shadowing Wells Fargo & Co. remains in the Federal Reserve's $1.95 trillion asset cap that was established in 2018 in response to the bank’s fraudulent ...
The move by the U.S. Office of the Comptroller of the Currency marks the thirteenth enforcement action, known as a consent order, closed by Wells Fargo's regulators since 2019 and the seventh ...