wells fargo consent order - Search News

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Fed lifts Wells Fargo asset cap, clearing bank for growth

Barron's on MSN · 9d

Wells Fargo Clears a Consent Order. Only the Cap on Growth Is Left.

The consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it improved its governance and risk management. It was the

Seeking Alpha on MSN · 4d

Wells Fargo's asset cap is lifted by Federal Reserve after seven years

The Federal Reserve on Tuesday said that Wells Fargo (NYSE:WFC) is no longer subject to the asset growth restriction the regulator imposed on the bank in 2018, saying the bank has met all conditions required by the consent order.

Reuters on MSN · 9d

Wells Fargo moves closer to lifting asset cap after US regulator closes consent order

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.

Banking Dive10d

Wells Fargo’s Scharf assured over asset cap’s potential end

We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.

3d

Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake ...

3dOpinion

Wells Fargo’s Asset Cap Has Been a Good Punishment

The bank has emerged from its deserved reprimand much more disciplined. Regulators should use this tool again.

3d

Wells Fargo Freed From Fed Asset Cap: Goldman, BofA Predict Double-Digit Earnings Surge Ahead

Wells Fargo & Co. WFC +3.27% + Free Alerts just got a green light from the Federal Reserve to break free from a major ...

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