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.

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.

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

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

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 ...

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 (NYSE:WFC) aims to build up corporate and investment bank and expand its branded credit-card business, among its list of plans to grow the bank after seven years of being constrained ...

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 ...

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.

Wells Fargo’s nearly $2 trillion asset cap punishment by the Federal Reserve has meant the fourth-largest bank in the U.S. couldn’t grow in the wake of its massive fake sales account scandal.

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 ...