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When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for ...
The asset cap required that Wells Fargo keep its total assets at or below $1.95 trillion, where it stood at the end of 2017, until the Fed was satisfied that the bank had met its requirements, ...
Wells Fargo & Company (NYSE:WFC) is one of the 22 stocks Jim Cramer recently talked about. Cramer was bullish on the company ...
The fourth-largest U.S. bank will be allowed to grow again after years in purgatory.
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.” ...
Wells Fargo & Co.'s board of directors is expected to raise the bank's quarterly dividend by 5 cents to 45 cents in the next ...
The bank sees businesses as a rich vein of growth now that the Federal Reserve has removed a punitive asset cap.
With a Federal Reserve-imposed asset cap now off its shoulders, the Wall Street lender is ramping up its buying within the $1 ...
Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management ...
The asset cap cost Wells Fargo 2.2% of aggregate bank deposits, said Siddharth Vij, assistant professor of finance at Terry College of Business at the University of Georgia.
Just a week after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its fake sales scandal, the bank’s CFO detailed new growth plans. Over the past five years, risk and ...