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News

Federal Reserve lifts asset cap placed on Well Fargo

The Des Moines Register on MSN · 3d
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
Bloomberg Law News · 10d
Wells Fargo Confident on Its Work for Asset-Cap Lift, CEO Says
Wells Fargo & Co. is far along the path to fulfill requirements for the Federal Reserve to ultimately end a growth ban that’s hung over the bank for more than seven years, Chief Executive Officer Charlie Scharf said.
The Charlotte Observer on MSN · 3d
Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.”
Zacks Investment Research on MSN8d
Wells Fargo's CEO Shows Confidence Over $1.95T Asset Cap Potential End
On Wednesday, at the Bernstein Conference, Wells Fargo & Company’s WFC CEO Charlie Scharf expressed confidence in the bank’s ...
Banking Dive
9d
Wells Fargo’s Scharf assured over asset cap’s potential end
We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.
8d
Companies Making Plans for More Tariff Turmoil, Wells Fargo CEO Says
Wells Fargo Chief Executive Charlie Scharf said companies remain in solid shape but are bracing for more potential turmoil ...

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