The fourth-largest U.S. bank will be allowed to grow again after years in purgatory.

"The asset cap d definitely held Wells Fargo back," Marinac said. "But the company was forced to be creative in how it made money and that will serve them well in the future." Mar ...

The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...

Chief Financial Officer Mike Santomassimo discussed Tuesday what opportunities the asset cap removal opens up for the bank ...

Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...

Regulators' decision to lift a seven-year-old cap on the size of the megabank's balance sheet will produce benefits over the long haul, but it won't result in any sudden gains, according to CFO ...

The bank sees businesses as a rich vein of growth now that the Federal Reserve has removed a punitive asset cap.

Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management order that had the asset cap. Wells Fargo has now closed 14 consent orders ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

Wells Fargo employees will receive a $2,000 bonus to commemorate the lifting of the asset cap. WASHINGTON — Wells Fargo has been released from a punitive, seven-year, $1.95 trillion cap on its ...

The Federal Reserve on Tuesday voted to scrap a near-$2 trillion asset cap imposed on Wells Fargo over a 2016 scandal that uncovered millions of fake accounts and other consumer abuses.

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.