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Wells Fargo's Asset Cap Is Lifted – What Happens Next?
When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for a widespread scandal involving the creation of fake customer accounts, CEO Charlie Scharf hailed the decision as a "pivotal milestone" for the fourth-largest U.S. bank.
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.” ...
Investors are eager to learn more about the bank’s growth plans and priorities since the Fed's punitive asset cap has been ...
A jump in fee income helped the San Francisco-based bank boost second-quarter earnings per share by 20% from a year ago.
Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales ...
Federal regulators on Tuesday lifted Wells Fargo 's $1.95 trillion asset cap punishment over its fake sales scandal that had prevented it from growing for the past seven years -- a major ...
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