WFC is nearing the removal of its $1.95 trillion asset cap, which was imposed in 2018 following its significant regulatory ...

Wells Fargo stock gained 2.4% in premarket trading on news that the asset cap could be lifted in 2025, following a scandal in ...

The punishment could be removed as early as the first half of 2025, one of the sources said. The Federal Reserve imposed the ...

The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and ...

Wells Fargo is a popular name and the largest bank in the United States. Though the bank has faced several challenges, like ...

NEW YORK, Nov 26 (Reuters) - Wells Fargo (WFC.N), opens new tab ... would be a major step forward for the bank's cleanup efforts. Since the scandal emerged in 2016, it has been fined billions ...

The bank operates under a $1.95 trillion asset ... to its peers from investing.com : After the fake accounts scandal of 2016, Wells Fargo has been put under a $1.95T asset cap by US regulators.

Wells Fargo is wrapping up the process of regulatory requirements necessary for lifting a $1.95 trillion asset cap next year, ...

In 2018, the Federal Reserve imposed an asset cap on Wells Fargo after its phony-accounts scandal. The asset cap may have been one of the costliest punishments in history. The bank has made ...

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 ...

Senator Elizabeth Warren is urging the Fed to reject Wells' reported appeal to lift the $1.95 trillion asset cap imposed following the 2016 fake-account scandal, according to Reuters.

This month, Wells Fargo agreed to pay $480 million to settle a separate class action with shareholders claiming mismanagement by the bank's board of directors and top executives led to the sham ...