wells fargo bank of america

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Wells Fargo escapes Fed's asset cap

What's in Wells Fargo's future after the Fed's asset cap lift?

The Federal Reserve lifted Wells Fargo's (WFC) $1.95 trillion asset cap this week. Chris Whalen, chairman of Whalen Global Advisors, explains why Wells Fargo's focus is shifting toward retail banking and away from wholesale lending.

Reuters on MSN · 8h

Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

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 unimpeded growth.

The Washington Post · 21h

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture

Cap-free Wells Fargo could be a fashion faux pas

Despite a years-long $2 trln asset limit, the US lender’s stock outperformed most peers since 2020. Forced efficiency amid ...

19h

Wells Fargo has finally shed its dunce cap

Charlie Scharf, who took over as chief executive in 2019 after multiple scandals felled his two predecessors, has spent his ...

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 ...

16mon MSN

Wells Fargo CEO Goes From Fixer to Builder as Regulators Lift Punishments

Scharf, 60, took the helm at Wells Fargo in 2019, vowing to repair its deeply entrenched problems from a fake-accounts ...

19hon MSN

Wells Fargo scandals and sanctions entanglements began in 2016. Here’s the list

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...

20h

Wells Fargo Stock Is Rising After Hours: What's Going On?

Wells Fargo & Co. shares are rising in Tuesday's after-hours session after the company announced it's no longer subject to ...

Banking Dive2d

Wells Fargo offloads $4.4B railcar business

The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

Wells Fargo leads the Financial Select Sector SPDR ETF after it clears a hurdle on growth

Wells Fargo & Co.'s stock was up 1.8% in early trading to lead the Financial Select Sector SPDR ETF in gains on Tuesday, after the bank said the U.S. Federal Reserve lifted an asset cap put in place ...

Chase, Bank of America and Wells Fargo enter a new era with the digital dollar

The financial system in the United States is undergoing a major transformation, and three of the country’s biggest ...

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