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

Wells Fargo said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by ...

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

Wells Fargo said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by the Federal Reserve. Net income was up 12% at $5.49 billion. That ...

Wells Fargo & Co. just did something it hasn’t been able to do for more than seven years: Cross the $1.95 trillion asset mark.

The Fed lifted the asset cap in early June, a few weeks before the quarter ended. Without the cap, Wells is for the first time in seven years able to grow beyond around $2 trillion in assets.

Wells Fargo said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by the Federal Reserve.

The executive joins the CEOs of Goldman Sachs and Capital One in receiving eight-figure equity awards this year. Citi will be ...

"If I were Charlie Scharf, I’d be negotiating for the same standing — especially after spending the better part of six years ...

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

The decision to rejoin the CEO and chairman roles comes roughly two months after regulators removed an asset cap that had stunted the San Francisco-based company's growth for seven years.

The Wells Fargo bank subsidiary sees the benchmark index ending 2025 between 6,300 and 6,500, up from a prior range of 5,900 to 6,100. The target raise follows U.S. President Donald Trump delaying his ...