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Federal Reserve lifts asset cap placed on Well Fargo

The Des Moines Register on MSN · 1d

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

Washington Examiner on MSN · 21h

Federal Reserve lifts asset cap placed on Well Fargo after 2018 fake accounts scandal

Federal regulators moved to lift their punishment against Wells Fargo, which prevented its growth following the bank’s fake accounts scandal in 2018. The Federal Reserve Board of Governors voted Monday to remove an unprecedented restriction that had capped the bank’s assets at approximately $1.

Charlotte Observer on MSN · 1d

Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal

The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.”

1don MSN

Wells Fargo scandals and sanctions entanglements began in 2016. Here’s the list

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...

13don MSN

Dillard's sues Wells Fargo for allegedly abandoning co-branded card relationship

The department store chain Dillard's sued Wells Fargo on Thursday, saying the bank repeatedly breached a since-abandoned ...

2d

Former Reporter, The Wall Street Journal

Lalita Clozel covered banking and fintech policy for The Wall Street Journal in Washington D.C.

6don MSN

Wells Fargo confirms termination of 2015 regulatory agreements on previously-held subsidiaries

Wells Fargo (WFC) announced on Thursday the termination of its 2015 agreements with the Office of the Comptroller of the ...

16h

Federal Reserve lifts asset cap placed on Wells Fargo after 2018 fake accounts scandal

Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.

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