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News

Federal Reserve lifts asset cap placed on Well Fargo

Charlotte Observer on MSN · 2d
Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.”
The Des Moines Register on MSN · 2d
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 award
Reuters on MSN · 2d
Fed lifts Wells Fargo's asset cap, citing progress from sales scandal
The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal.
1don MSN
What's next for Wells Fargo as asset cap penalty ends? Finance experts weigh in
"The asset cap d definitely held Wells Fargo back," Marinac said. "But the company was forced to be creative in how it made ...
2don MSN
Instant view: Wells Fargo asset cap lifted, allowing bank to grow
The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion ...

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