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Elizabeth Warren Pushes Fed to Reinstate Wells Fargo’s Asset Cap
The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the ...
Warren tussles with CNBC host over Wells Fargo, Fed
Sen. Elizabeth Warren (D-Mass.) and a CNBC anchor sparred Wednesday over the Federal Reserve’s decision to scrap an ...
Exclusive: Sen. Warren urges Fed to reconsider removing Wells Fargo asset cap
Senator Elizabeth Warren (D-Ma.) is calling on the Federal Reserve to reverse its decision and reinstall its asset cap placed ...
MortgagePoint3 日
Wells Fargo: Waters & Warren Request Reversal on Asset Cap Removal
Lawmakers have written to the Federal Reserve Board of Governors to express their disapproval of the decision to lift Wells ...
Winston-Salem Journal6 日
Lifting of Wells Fargo asset cap seen as new chapter, unearned benefit
Now they (Wells Fargo) can play without having one arm tied behind their backs," Bankrate.com analyst Greg McBride said with ...
Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...
National Mortgage News8 日
Wells shed its asset cap — but it isn't clear why
The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.
A major SC bank is sprung from the Fed's penalty box after 7 long years
The Federal Reserve last week untethered Wells Fargo & Co. from punishing growth restraints it imposed on South Carolina's ...
Wells Fargo’s (WFC) Growth Engine Restarts with Fed’s Asset Cap Removal
On June 4, the Federal Reserve lifted the long-standing asset cap on Wells Fargo & Company (NYSE:WFC), signaling a ...
Wells Fargo clears penultimate consent order; asset cap remains
The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated Wednesday the bank is inching closer to freedom from the $1.95 trillion asset ...
Investing Snacks8 日
Wells Fargo’s Cap Is Gone—Now It Can Flex Again
Wells Fargo has finally been released from the Federal Reserve's seven-year-long $1.95 trillion asset cap, imposed after a ...
The Manila Times on MSN8 日
Wells Fargo escapes Fed's asset cap
WASHINGTON, D.C. ― Wells Fargo was released from a punitive, seven-yearlong $1.95-trillion cap on its assets on Tuesday after the US Federal Reserve (Fed) lifted the regulatory measure, allowing the ...