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Wells Fargo Stock Rises as Fed Removes $1.95T Asset Cap After 7 Years
WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.
Wells Fargo shares hit three-month high as Fed ends growth freeze
Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, ...
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.
Wells Fargo just got a green light from the Fed to grow. Here’s what it means for its business and its stock.
Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of ...
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 ...
The Manila Times on MSN18h
Wells Fargo escapes Fed's asset cap
WASHINGTON, D.C. ― Wells Fargo was released from a punitive, seven-yearlong $1.95-trillion cap on its assets on Tuesday after the US Federal Reserve (Fed) lifted the regulatory measure, allowing the ...
Wells Fargo shares advance as Fed ends growth freeze after seven years
The fourth-largest U.S. bank was operating under a $1.95-trillion asset cap mandated by the Fed in 2018 aimed at restricting ...
Wells Fargo CEO Scharf enters growth era with eye on Wall Street
Charlie Scharf can finally play offense. After more than a half-decade cleaning up Wells Fargo & Co.’s scandals, the chief ...
Business Times21h
Wells Fargo Cleared for Growth as Fed Lifts $1.95 Trillion Asset Cap After Seven-Year Scandal Clampdown
Wells Fargo received regulatory clearance Tuesday to grow its balance sheet for the first time in seven years, after the ...
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake accounts scandal
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 ...
Federal Reserve lifts asset cap placed on Wells Fargo after 2018 fake accounts scandal
Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.
Fed lifts restrictions placed on Wells Fargo over its fake accounts scandal
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 ...