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Reinstate Wells Fargo’s Asset Cap

Barron's on MSN · 1d

Elizabeth Warren Pushes Fed to 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.

Investopedia on MSN · 4d

Wells Fargo No Longer Faces Federal Reserve's 2018 Asset Cap

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.

3h

A major SC bank is sprung from the Fed's penalty box after 7 long years

The Federal Reserve last week untethered Wells Fargo & Co. from punishing growth restraints it imposed on South Carolina's ...

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 ...

4d

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 ...

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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