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The megabank, which has spent years trying to improve its regulatory compliance, now has just one consent order remaining. And observers expect that Wells' historic asset cap will be lifted soon.
Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management ...
The Federal Reserve on Tuesday said that Wells Fargo (WFC) is no longer subject to the asset growth restriction the regulator imposed on the bank in 2018, saying the bank has met all conditions ...
(Reuters) -Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 punishment on the bank, leaving it with one more major hurdle to clear.
Wells Fargo's asset cap has been lifted after 7 years, removing a major growth restriction and opening new business ...
The move by the U.S. Office of the Comptroller of the Currency marks the thirteenth enforcement action, known as a consent order, closed by Wells Fargo's regulators since 2019 and the seventh ...
Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all conditions required to remove the limits on growth in total assets imposed ...
The Office of the Comptroller of the Currency has terminated a 2015 consent order against Wells Fargo related to its previously held financial subsidiaries, the company confirmed Thursday.
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...
The move by the U.S. Office of the Comptroller of the Currency marks the thirteenth enforcement action, known as a consent order, closed by Wells Fargo's regulators since 2019 and the seventh since ...
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