Regulators imposed the cap, the first of its kind when it took effect in 2018, as punishment for the bank’s widespread fake-accounts scandal, which surfaced in 2016 and led to a management overhaul.

Federal regulators moved to lift an unprecedented punishment that had handcuffed growth at Wells Fargo WFC1.24%increase; green up pointing triangle, a milestone in the bank’s efforts to repair ...

Wells Fargo stock soared more than 2% in after-hours trading following the announcement. Shares had closed at $75.65, up from $59.34 a year ago. The bogus accounts scandal toppled two Wells Fargo ...

Wells Fargo Is Allowed to Grow Again After 7 Years Under Asset-Cap Penalty Fourth-largest U.S. bank can gather deposits, increase loans and expand its Wall Street businesses By ...

Wells Fargo’s nearly $2 trillion asset cap punishment by the Federal Reserve has meant the fourth-largest bank in the U.S. couldn’t grow in the wake of its massive fake sales account scandal.

Wells Fargo has dismissed 5,300 employees and agreed to pay the largest fine ever collected by the federal government’s new consumer protection agency following an investigation into allegations ...

Wells Fargo sent checks related to an $185 million pandemic-era lawsuit. The lawsuit alleged that, ... It looks like a scam,” said Chase. Thankfully, I was curious and opened it.

Wells Fargo’ s nearly $2 trillion asset cap punishment by the Federal Reserve has meant the fourth-largest bank in the U.S. couldn’ t grow in the wake of its massive fake sales account scandal ...