The Federal Reserve action comes 9 months after lifting the harshest punishment, the $2 trillion asset cap that kept the bank from growing.

The bank exited the $1.95-trillion asset cap last year, but it had remained subject to the rest of the eight-year-old order.

For years, Wells Fargo & Company WFC operated under a regulatory constraint, a $1.95-trillion asset cap imposed by the Federal Reserve in 2018 following its fake account scandal. The restriction ...

(Reuters) - There is probably no broader problem in the U.S. banking industry over abusive sales practices, despite the penalties imosed on Wells Fargo & Co's recently, the head of a federal consumer ...

Shares of financial services giant Wells Fargo (NYSE:WFC) fell 6.6% in the afternoon session after concerns grew over its exposure to Market Financial Solutions Ltd., a UK mortgage firm that collapsed ...

We do not expect meaningful cost savings to drop directly to the bottom long,” Raymong James analyst David Long told clients.

Wells Fargo has agreed to pay $85 million to settle a lawsuit alleging it engaged in “sham” diversity hiring practices, according to court documents filed Oct. 15. According to the 2022 lawsuit, SEB ...

WASHINGTON (Reuters) -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 ...

Wells Fargo says the economy is getting better — it sees signs of recovery in its loan business. But the big bank may be more of an exception than a leading indicator. Breaking from the cautious, even ...