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 ...

In government banking, “we have felt it, reputationally,” a Wells executive said of the bank’s growth restraint and the ...

On June 4, the Federal Reserve lifted the long-standing asset cap on Wells Fargo & Company (NYSE:WFC), signaling a significant turning point for the bank after more than seven years under ...

Wells Fargo’s asset cap removal, strong earnings, and $40B buyback plan position it for growth and higher returns despite ...

The asset cap cost Wells Fargo 2.2% of aggregate bank deposits, said Siddharth Vij, assistant professor of finance at Terry College of Business at the University of Georgia.

Charlie Scharf was named CEO and president of the bank in 2019 as the company faced challenges from its massive 2016 fake ...

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 ...

Wells Fargo has been building toward the removal of its asset cap by the Federal Reserve, and now that it has the freedom to accumulate more money, it is ready to pounce on more business clients.

Detailed price information for Wells Fargo & Company (WFC-N) from The Globe and Mail including charting and trades.

Enhanced Competitive Strength: The asset cap removal offers Wells Fargo a greater scope to compete for new businesses and deposits, without any material change in strategy or risk appetite.

The growth cap imposed on Wells Fargo & Co. since 2019 seemed a uniquely harsh punishment by US watchdogs, constricting the bank’s growth through a period when some rivals bloomed.

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 ...