News

When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for ...
The fourth-largest U.S. bank will be allowed to grow again after years in purgatory.
Wells Fargo & Co.'s board of directors is expected to raise the bank's quarterly dividend by 5 cents to 45 cents in the next ...
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...
With a Federal Reserve-imposed asset cap now off its shoulders, the Wall Street lender is ramping up its buying within the $1 ...
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.” ...
The bank sees businesses as a rich vein of growth now that the Federal Reserve has removed a punitive asset cap.
Wells Fargo employees will receive a $2,000 bonus to commemorate the lifting of the asset cap. WASHINGTON — Wells Fargo has been released from a punitive, seven-year, $1.95 trillion cap on its ...
Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management ...
Marinac expects Wells Fargo will show a bigger impact from the asset cap removal in the third and fourth quarters of this year. The bank's growth could also lead to adding more employees, Marinac ...
Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.
San Francisco-based Wells Fargo, one of the nation’s largest banks, received welcome news on Tuesday when the Federal Reserve lifted restrictions on the company’s asset growth. The ...