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Wells Fargo (WFC) spent years worried about the past. Now it can focus on the future. The fourth-largest US bank plans to ...
The Federal Reserve said Tuesday it has ended its final consent order over Wells Fargo& Co., allowing the bank to grow beyond the $1.95 trillion asset cap that has restricted the bank since February ...
Now they (Wells Fargo) can play without having one arm tied behind their backs," Bankrate.com analyst Greg McBride said with ...
"The asset cap d definitely held Wells Fargo back," Marinac said. "But the company was forced to be creative in how it made ...
The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.
Scharf, 60, took the helm at Wells Fargo in 2019, vowing to repair its deeply entrenched problems from a fake-accounts ...
Forty-three Jewish organizations requested more support from the U.S. government for enhanced security measures.
The Federal Reserve said in Tuesday's three-paragraph statement it had "determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth ...
(Reuters) - Wells Fargo shares rose more than 3% in premarket trading on Wednesday, after the U.S. Federal Reserve lifted a ...
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...
Wells Fargo chose Scharf as CEO in 2019 after a six-month search mired in controversy. His two predecessors, Tim Sloan and ...
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...