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Reinstate Wells Fargo’s Asset Cap

Barron's on MSN · 2d

Warren and Waters to the Fed: Reinstate Wells Fargo’s Asset Cap

The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the amount of assets the bank of assets can hold was warranted

Yahoo Finance · 2d

Exclusive: Sen. Warren urges Fed to reconsider removing Wells Fargo asset cap

Senator Elizabeth Warren (D-Ma.) is calling on the Federal Reserve to reverse its decision and reinstall its asset cap placed on major bank Wells Fargo (WFC). The US central bank released Wells Fargo from its cap that held its total assets at $1.

The New York Times · 3d

Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals

For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes.

1d

S&P Global 'Positive' on Wells Fargo as Regulatory Burden Lifts

The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted ...

2d

Cap-free Wells Fargo could be a fashion faux pas

Despite a years-long $2 trln asset limit, the US lender’s stock outperformed most peers since 2020. Forced efficiency amid ...

4don MSN

Fed lifts Wells Fargo restrictions placed after fake-accounts scandal

Since taking over in 2019, Scharf’s goal has been to convince the Federal Reserve that Wells Fargo had fixed its toxic ...

2don MSN

Don't see the labor market falling apart at this point, says Wells Fargo's Jay Bryson

Jay Bryson, Wells Fargo chief economist, joins 'Squawk Box' to discuss the state of the economy, the Fed's rate path outlook, ...

3don MSN

Wells Fargo shares hit three-month high as Fed ends growth freeze

Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, ...

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