News

The bank can now grow after seven years of purgatory. And that comes as its chief local competitor just landed in a similar ...
Chief Financial Officer Mike Santomassimo discussed Tuesday what opportunities the asset cap removal opens up for the bank ...
The recent uptick follows the announcement from the U.S. Federal Reserve last week stating that Wells Fargo will no longer be ...
S&P Global upgrades Wells Fargo's outlook to positive and affirms BBB+ long-term issuer rating, citing stronger controls and ...
Regulators' decision to lift a seven-year-old cap on the size of the megabank's balance sheet will produce benefits over the ...
The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted ...
Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management ...
The JPMorgan Chase CEO also sounded off on regulatory requirements, expressing optimism that capital rules will be scaled ...
The Charlotte Observer on MSN2d
Wells Fargo asset cap lifted
Charlotte Observer reporter Kitty Muccigrosso talks about how the Federal Reserve lifted Wells Fargo’s nearly $2 trillion ...
In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the ...
The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank ...
Self Employed on MSN1d
Fed lifts Wells Fargo asset cap
The Federal Reserve has lifted the $1.95 trillion asset cap on Wells Fargo. The restriction was imposed in 2018 due to a ...