The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.

By Nupur Anand, Lananh Nguyen NEW YORK (Reuters) -Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but ...

Federal regulators moved to lift their punishment against Wells Fargo, which prevented its growth following the bank’s fake accounts scandal in 2018.

Despite a years-long $2 trln asset limit, the US lender’s stock outperformed most peers since 2020. Forced efficiency amid ...

CrowdStrike (CRWD) stock falls in Wednesday's pre-market trading after second quarter sales guidance fell short of ...

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

Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...

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

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

Since taking over in 2019, Scharf’s goal has been to convince the Federal Reserve that Wells Fargo had fixed its toxic ...

The discount retailer raised its outlook after assessing the impact of tariffs on its business and consumer behavior, and posted better-than-expected first-quarter results. The tech giant will buy the ...