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News

Wells Fargo asset cap lifted

Reuters on MSN · 19h
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.
Barron's on MSN · 16h
Wells Fargo Stock Rises as Fed Lifts Asset Cap After 7 Years
In a historic moment for the U.S. financial industry, the Federal Reserve said on Tuesday that it lifted the unprecedented growth restriction it imposed on Wells Fargo, the country’s third-largest bank,
The Des Moines Register on MSN · 16h
Fed lifts Wells Fargo asset cap, clearing bank for growth as it rebuilds from scandal
After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 award
20hon MSN
Federal Reserve lifts Wells Fargo asset cap sanctions. What does that mean?
A brief background to understand why the fourth-largest bank in the country hadn’t been allowed to grow since 2018.
2d
Dive Deposits: For Wells Fargo and NatWest, it’s the summer of looking forward
Both banks would probably argue they’ve been future-focused for years. But with the U.K. divesting from NatWest, and Wells’ ...
Banking Dive
2d
Wells Fargo offloads $4.4B railcar business
The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

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