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News

Wells Fargo asset cap lifted

Barron's on MSN · 13h
Warren and Waters to the Fed: Reinstate Wells Fargo’s Asset Cap
The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the amount of assets the bank of assets can hold was warranted
HousingWire · 6h
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.
The Des Moines Register on MSN · 2d
Fed lifts Wells Fargo asset cap, clearing bank for growth as it rebuilds from scandal
After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 award
American Banker
2d
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.
10h
S&P Global 'Positive' on Wells Fargo as Regulatory Burden Lifts
The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted ...
2d
Wells Fargo shares rise as asset cap removal sparks deposit and trading boost
Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...

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