Wells Fargo shares gain

Exclusive-Wells Fargo asset cap likely to be lifted next year, sources say
By Nupur Anand NEW YORK (Reuters) -Wells Fargo is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake accounts scandal,
Wells Fargo shares gain as asset cap likely to be lifted in 2025, report says
Wells Fargo (NYSE:WFC) is nearing the final stages of meeting regulatory requirements to lift the $1.95 trillion asset cap imposed after its fake accounts scandal, Reuters reported Tuesday, citing three sources with knowledge of the matter.
Wells Fargo Nears End of $1.95T Asset Cap Amid Regulatory Progress
WFC is nearing the removal of its $1.95 trillion asset cap, which was imposed in 2018 following its significant regulatory progress.
Don’t lift Wells Fargo asset cap, Warren tells Fed
The bank’s OCC order, citing anti-money laundering deficiencies, and a court case over alleged sham interviews prove Wells hasn’t changed sufficiently, the senator wrote in a letter to central bank officials.
Fed Could Lift Wells' Asset Cap Next Year: Reports
Wells Fargo is wrapping up the process of regulatory requirements necessary for lifting a $1.95 trillion asset cap next year, according to news reports.
Senator Warren urges Fed to keep Wells Fargo asset cap
The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the U.S. central bank on Wednesday.
Wells Fargo asset cap could be removed next year, Reuters reports
Wells Fargo (WFC) is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing
Wells Fargo asset cap likely to be removed next year - report
Wells Fargo (NYSE:WFC) stock gained 2.5% in Tuesday premarket trading after a media report that the asset cap placed on the bank almost seven years ago is likely to be lifted in 2025. The company is in the last stages of a process to pass regulatory tests to remove a $1.
Courthouse News Service7y
Judge Skewers Wells Fargo at Hearing on Phony-Accounts Scandal
A federal judge Thursday appeared skeptical of Wells Fargo’s claim that its board of directors was unaware of the scope of the phony accounts scandal that already has cost the bank more than ...
The Banker1d
Wells Fargo asset cap could be lifted by next year; HSBC loses appeal against €32mn Euribor-rigging fine
Since the issues surfaced in 2016, the bank has faced billions in fines and numerous regulatory penalties, many of which remain unresolved. However, the bank has made progress, closing six consent ...
Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits
Aside from the Great Recession and the bank failures of last year, few issues in the recent banking era have been more ...
Courthouse News Service7y
Wells Fargo Must Fully Compensate Victims in Account-Scandal Settlement
Wells Fargo also faces a shareholder class action claiming its board of directors breached its fiduciary duty by failing to stop the bogus accounts scandal that is expected to cost the bank ...
MercoPress8y
Wells Fargo bank accounts' scandal leads to a major reshuffle
Wells Fargo & Co's veteran chairman and chief ... including the retail bank at the heart of the scandal. Carrie Tolstedt, the woman who ran the retail division when the misconduct occurred ...