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The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank ...
The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the ...
Now they (Wells Fargo) can play without having one arm tied behind their backs," Bankrate.com analyst Greg McBride said with Federal Reserve lifting of $1.97 trillion asset cap.
On June 4, the Federal Reserve lifted the long-standing asset cap on Wells Fargo & Company (NYSE:WFC), signaling a ...
Federal regulators announced this week that they’re lifting a severe punishment on Wells Fargo related to its fake accounts ...
Wells Fargo (WFC) aims to build up its corporate and investment bank and expand its branded credit-card business, among plans ...
In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the ...
Wells Fargo shares rose over 2% early Wednesday, hitting a three-month high, after the Federal Reserve lifted an asset cap imposed following regulators’ determination that the bank had exploited its ...
The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.
Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.
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 ...
At the time, Scharf said that once the cap was lifted Wells Fargo would be able to expand in a "controlled and linear way," especially within corporate deposits and its corporate and investment ...
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