The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts.

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"The Federal Reserve's decision to lift the asset cap marks a pivotal milestone in our journey to transform Wells Fargo," CEO ...

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

Wells Fargo (WFC) stock rose 3% in extended trading on Tuesday after the Federal Reserve lifted an asset cap imposed on the ...

Republic Act No. 12214 (also known as the Capital Markets Efficiency Promotion Act, or CMEPA, signed on May 30, 2025), cuts ...

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

The Federal Reserve determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction, the Board of Governors of the Federal Reserve ...

The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells ...