Wells Fargo & Co. today confirmed that its asset cap has been lifted by the Federal Reserve. The asset cap had been put into place under its 2018 consent order to address the bank’s poor governance ...

Terry has 25 years experience in journalism and ... published a local community newspaper in North Carolina. FREDERIC J. BROWN/AFP via Getty Images A new survey found six in ten consumers wouldn ...

PROVIDENCE, R.I. [Brown University] — Brown University along with 23 other colleges and universities filed an amicus brief on Monday, June 9, in support of Harvard University’s motion for summary ...

Brown, along with 17 other colleges and universities, submitted a request to file a friend-of-the-court brief on Friday, supporting Harvard’s suit against the Trump administration’s cuts to the ...

Federal Drive with Terry Gerton Navy uniting data in ‘nerve centers’ to accelerate decisions The Navy plans to focus over the next couple of years on making sure its maritime operations centers can ...

A solid jobs report for May has reinforced the Federal Reserve’s stance that it can take its time before restarting interest rate cuts, an approach that drew renewed ire from President Trump on ...

June 06, 2025 For release at 2:30 p.m. EDT Michael E. Horowitz has been appointed to lead the Federal Reserve Board’s Office of Inspector General (OIG) effective June 30, 2025.

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. The news that the Fed ...

The Federal Reserve Board of Governors voted Monday to remove an unprecedented restriction that had capped the bank’s assets at approximately $1.95 trillion. The Federal Reserve’s original ...

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. It ...

The Federal Reserve has removed Wells Fargo’s asset growth cap, ending seven years of sanctions tied to consumer abuses and risk management failures.