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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
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
Seeking Alpha on MSN · 1d
Wells Fargo sets expansion aspirations after asset cap lifted - report
Wells Fargo (WFC) aims to build up its corporate and investment bank and expand its branded credit-card business, among plans to grow the bank after seven years of being constrained by a $1.95T asset cap,
11hon MSN
S&P Global 'positive' on Wells Fargo as regulatory burden lifts
S&P Global upgraded its outlook on Wells Fargo to "positive" from "stable", the ratings provider said on Friday, after the ...
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.

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