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News

Wells Fargo asset cap lifted

Seeking Alpha on MSN · 2d
Wells Fargo sets expansion aspirations after asset cap lifted - report
Wells Fargo (WFC) aims to build up its corporate and investment bank and expand its branded credit-card business, among plans to grow the bank after seven years of being constrained by a $1.95T asset cap,
Reuters on MSN · 3d
Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth.
HousingWire · 20h
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.
2don MSN
Champagne Toasts, Big Ambitions: Wells Fargo CEO Embraces Newfound Freedom
Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong ...
2don MSN
Wells Fargo CEO goes from fixer to builder as regulators lift punishments
By Nupur Anand, Lananh Nguyen NEW YORK (Reuters) -Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but ...

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