The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.” ...

On Wednesday, at the Bernstein Conference, Wells Fargo & Company’s WFC CEO Charlie Scharf expressed confidence in the bank’s regulatory improvements, signalling that the bank is inching closer ...

The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, ... Wells Fargo CEO Charlie Scharf said in a statement.

Wells Fargo (WFC) is "very, very confident" that the Federal Reserve's asset cap on the bank will get lifted, CEO Charlie Scharf said on Wednesday at an investor conference, though he can't ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, ... Wells Fargo CEO Charlie Scharf said in a statement.

Wells Fargo CEO said the asset cap imposed on the bank by regulators was curtailing its ability to take in more corporate deposits and expand its trading business. September 2024.

The Federal Reserve on Tuesday voted to scrap a near-$2 trillion asset cap imposed on Wells Fargo over a 2016 scandal that uncovered millions of fake accounts and other consumer abuses.

Wells Fargo has submitted a third-party review to the Federal Reserve to lift a $1.95 trillion asset cap imposed after the 2016 fake accounts scandal. CEO Charlie Scharf has been addressing ...

WFC's CEO expresses confidence in nearing the resolution of regulatory issues as the bank works to lift the Fed's $1.95T asset cap and expand deposit growth.