WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.

Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...

Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all ...

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

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...

The Federal Reserve on Tuesday said that Wells Fargo (WFC) is no longer subject to the asset growth restriction the regulator ...

(Reuters) -Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on ...

A brief background to understand why the fourth-largest bank in the country hadn’t been allowed to grow since 2018.

At the time, Scharf said that once the cap was lifted Wells Fargo would be able to expand in a "controlled and linear way," especially within corporate deposits and its corporate and investment ...

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 announced ... Why it matters: The related consent order was the last major hurdle for the bank on the regulatory front, as it had cleared up some of its smaller consent orders within ...

The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the ...