When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for a widespread scandal involving the creation of fake customer accounts, CEO ...

A Wells Fargo customer was surprised to receive a "cryptic notice" and a cashier's check from the firm compensating him for ...

After an investigation by The Los Angeles Times in 2016, Wells Fargo shut down its sales culture and fired much of its leadership and board of directors. The fake accounts scandal cost Wells Fargo ...

Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales scandal.

After an investigation by The Los Angeles Times in 2016, Wells Fargo shut down its sales culture and fired much of its leadership and board of directors. The fake accounts scandal cost Wells Fargo ...

After an investigation by The Los Angeles Times in 2016, Wells Fargo shut down its sales culture and fired much of its leadership and board of directors. The fake accounts scandal cost Wells Fargo ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

The asset cap was Wells Fargo 's biggest penalty stemming from the 2016 scandal. From 2002 to 2016, hundreds of thousands of Wells Fargo 's Community Bank employees opened millions of unauthorized ...

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.

The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech lenders for mortgages, a University of California, Davis, study ...

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal A sign stands outside a branch of Wells Fargo bank Wednesday, April 17, 2024, in Littleton, Colo. Credit ...

Federal regulators on Tuesday lifted Wells Fargo 's $1.95 trillion asset cap punishment over its fake sales scandal that had prevented it from growing for the past seven years -- a major turning ...