Fed lifts Wells Fargo restrictions placed after fake-accounts scandal Published: Jun. 03, 2025, 2:57 p.m. A sign for a Wells Fargo location is seen on Tuesday, May 14, 2024, in Portland.

The Fed required Wells to fix it culture and redo its entire risk and compliance departments in order to address its problems. Since taking over in 2019, Scharf’s goal has been to convince the Federal ...

NEW YORK (AP) — The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. It’s ...

The Federal Reserve is loosening a major restriction on Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, and the fourth-largest US bank will no longer have ...

Wells Fargo’s asset cap removal, strong earnings, and $40B buyback plan position it for growth and higher returns despite ...

Wells Fargo only derived 56% of its Q2 2025 revenues from net interest income, highlighting the bank's topline resilience in ...

Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, dropping ...

WASHINGTON — Wells Fargo has been released from a punitive, seven-year, $1.95 trillion cap on its assets after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue ...

No bank had previously been placed into such a program, known as an asset cap. The Fed required Wells to fix it culture and redo its entire risk and compliance departments in order to address its ...

Mike Mayo, Wells Fargo Securities senior bank analyst, joins 'Squawk Box' to discuss the state of the banking sector, what to ...

With the possibility of Fed rate cuts looming, now is the time to make smart moves with your cash—earning great returns while ...

The Fed won't allow Wells Fargo to profit from these loans. Instead, the bank will be required to donate benefits from the emergency programs to the US Treasury or Fed-approved nonprofits.