Wells Fargo Asset Cap Lifted

News

Wells Fargo asset cap lifted, allowing bank to grow

Wells Fargo sets expansion aspirations after asset cap lifted - report

Wells Fargo (NYSE:WFC) aims to build up corporate and investment bank and expand its branded credit-card business, among its list of plans to grow the bank after seven years of being constrained by a $1.

Bloomberg · 4d

Wells Fargo Asset Cap Lifted by Fed, Paving Way for 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 Executive Officer Charlie Scharf.

HousingWire · 1d

Wells Fargo’s asset cap has been lifted. Will it become a mortgage giant again?

The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank accounts.

American Banker3d

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.

Raleigh News & Observer4d

Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal

Federal regulators on Tuesday lifted Wells Fargo’s $1.95 trillion asset cap punishment over its fake sales scandal that had prevented it from growing for the past seven years — a major ...

Wells Fargo Freed From Fed Asset Cap: Goldman, BofA Predict Double-Digit Earnings Surge Ahead

Wells Fargo & Co. WFC +3.27% + Free Alerts just got a green light from the Federal Reserve to break free from a major ...

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