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Wells Fargo asset cap lifted

Barron's on MSN · 18h

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 · 19h

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

Bloomberg · 1d

Wells Fargo Asset Cap Lifted by Fed, Paving Way for Growth

Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a major win for Chief Executive Officer Charlie Scharf.

22h

Wells Fargo shares rise as asset cap removal sparks deposit and trading boost

Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...

23hon 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’ ...

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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