News

S&P Global 'Positive' on Wells Fargo as Regulatory Burden Lifts
The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted ...
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 ...
Cap-free Wells Fargo could be a fashion faux pas
Despite a years-long $2 trln asset limit, the US lender’s stock outperformed most peers since 2020. Forced efficiency amid ...
Elizabeth Warren Pushes Fed to Reinstate Wells Fargo’s Asset Cap
The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the ...
Wells Fargo CEO Goes From Fixer to Builder as Regulators Lift Punishments
Scharf, 60, took the helm at Wells Fargo in 2019, vowing to repair its deeply entrenched problems from a fake-accounts ...
Exclusive: Sen. Warren urges Fed to reconsider removing Wells Fargo asset cap
Senator Elizabeth Warren (D-Ma.) is calling on the Federal Reserve to reverse its decision and reinstall its asset cap placed ...
Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and ...
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 the restraints the Fed placed on the bank in 2018 ...
Wells Fargo No Longer Faces Federal Reserve's 2018 Asset Cap
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...
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, ...
Warren tussles with CNBC host over Wells Fargo, Fed
Sen. Elizabeth Warren (D-Mass.) and a CNBC anchor sparred Wednesday over the Federal Reserve’s decision to scrap an unprecedented penalty on Wells Fargo. In an interview with CNBC’s ...