NEW YORK, June 3 (Reuters) - The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95-trillion asset cap that the regulator imposed on the ...

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

Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 punishment on the bank, leaving it with one more major hurdle to clear.

The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running ...

The asset cap forced the bank to sell off more volatile businesses, like its mortgage unit, and avoid chasing the most costly deposits. Wells Fargo now boasts the lowest average annual expenses on ...

Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional.

Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have kept the bank under an asset cap of $1.95 trillion.

Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional.

Scharf's leadership credited for Wells Fargo's regulatory recovery Regulators lift asset cap, allowing Wells Fargo to grow Bank was plagued by fake accounts scandal when CEO took over ...

S&P Global upgraded its outlook on Wells Fargo to "positive" from "stable", the ratings provider said on Friday, after the U.S. bank was released from a $1.95 trillion asset cap earlier this week.

By Pete Schroeder, Nupur Anand WASHINGTON (Reuters) -Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the ...