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Wells Fargo's $1.95T asset cap lifted by the Fed: What this means
The Federal Reserve has lifted its asset cap on major bank Wells Fargo (WFC). Yahoo Finance senior banking reporter David Hollerith explains what this means for Wells Fargo's business. To watch more expert insights and analysis on the latest market action,
Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong ...
The Federal Reserve is loosening a major restriction on Wells Fargo (WFC) that was put in place following a fake accounts ...
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and ...
Wells Fargo Chief Executive Officer and President Charles Scharf told lawmakers Tuesday that the scandal-plagued bank he now leads "had a flawed business model" and a structure and culture ...
San Francisco-based Wells Fargo said that Scharf’s primary residence will be in New York, where he has family. A Wells Fargo spokesperson told CNN Business that Scharf will be expected ...
Wells Fargo & Co. announced Charles Scharf as its next chief executive Friday, marking a new era in the bank’s efforts to turn itself around after a series of scandals claimed two previous ...
announced on Friday that the BNY Mellon leader Charles W. Scharf had agreed to take the post. The hiring of Mr. Scharf, 54, makes good on a promise by Wells Fargo’s board this year to look ...
Jan 25 (Reuters) - Wells Fargo (WFC.N), opens new tab said on Thursday it has raised CEO Charles Scharf's total compensation for 2023 to $29 million. The compensation consists of a base salary ...
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