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Feds lift Wells Fargo $2T asset cap penalty imposed

Charlotte Observer on MSN · 8h

Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal

The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.”

The Des Moines Register on MSN · 10h

Fed lifts Wells Fargo asset cap, clearing bank for growth as it rebuilds from scandal

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 award

U.S. News Money · 12h

Wells Fargo's Long Road to Lifting $1.95 Trillion Asset Cap

(Reuters) -The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal.

10hon MSN

Wells Fargo scandals and sanctions entanglements began in 2016. Here’s the list

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...

American Banker11h

Wells Fargo sheds asset cap, ending seven years of handcuffs

The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells ...

Wells Fargo clears penultimate consent order; asset cap remains

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated ...

1mon

Wells Fargo nears full regulatory relief as CFPB lifts consent order

Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have ...

American Banker5d

Wells exits another consent order, leaving just the big one

The megabank, which has spent years trying to improve its regulatory compliance, now has just one consent order remaining.

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