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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 the growth of Wells Fargo that was put in place following a fake ...
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and ...
Scharf, 60, thanked Wells Fargo's 215,000 employees after they carried out his turnaround plans, one of the biggest in the ...
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 CEO Charles Scharf warned severance costs this quarter could hit nearly $1 billion as the mega bank prepares for fresh layoffs in the coming year. “We’re looking at something like ...
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