The Fed said in a statement that it had “determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction.” ...

After six-plus years under an asset cap imposed by the Federal Reserve, Wells Fargo (WFC) is now free to expand its balance ...

The Fed said in a statement Wednesday it is easing the growth restrictions, first imposed on Wells Fargo in 2018, because of the "extraordinary disruptions from the coronavirus." The change ...

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.

The regulator’s board Tuesday lifted the $1.95 trillion asset cap the bank has operated under since 2018, but certain ...

Wells Fargo will still be able to accept consumer deposits and make loans to consumers, the Fed official said. However, it will be up to the bank to determine what changes may need to be made to ...

Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all ...

Wells Fargo's net interest income is set to come under pressure next year due to a changing inflation/rate trajectory. Slowing inflation indicates that the Fed will change its tightening ...

Tarnished by a series of operating scandals The Federal Reserve has limited Wells Fargo’s growth until the bank sufficiently changes its management culture and risk control procedures.

However, Friday’s action by the Fed implied the regulator was not satisfied. The latest action against Wells Fargo came amid a change of leadership at the Fed, which plays an important role ...