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News

Wells Fargo asset cap lifted

Seeking Alpha · 1d
Wells Fargo Is Finally Out Of Asset-Cap Jail (Buy)
Wells Fargo's asset cap is lifted after 7 years, unlocking growth potential. Explore the Series L preferred's yield benefits and competitive insights.
HousingWire · 21h
Wells Fargo’s asset cap has been lifted. Will it become a mortgage giant again?
The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank accounts.
Investopedia on MSN · 3d
Wells Fargo No Longer Faces Federal Reserve's 2018 Asset Cap
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts.
American Banker
2d
Wells shed its asset cap — but it isn't clear why
The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.
1d
Wells Fargo, The Fed, DOJ v. Google, TikTok Ban: Votes and Verdicts
The June 3 lifting of Wells Fargo's asset cap imposed by the Federal Reserve in 2018 was among the key catalysts Bloomberg ...
3don MSN
How Charlie Scharf Got Wells Fargo Out of the Penalty Box
Scharf, 60, thanked Wells Fargo's 215,000 employees after they carried out his turnaround plans, one of the biggest in the ...
3don MSN
Letting Wells Fargo off the Leash Will Rattle Regional Banks
The giant lender can once again compete aggressively on all fronts to make up for lost ground in deposits.

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