Lawmakers have written to the Federal Reserve Board of Governors to express their disapproval of the decision to lift Wells Fargo's asset cap, urging the Fed to reconsider and provide Congress with ...

The Federal Reserve last week untethered Wells Fargo & Co. from punishing growth restraints it imposed on South Carolina's ...

The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the ...

Now they (Wells Fargo) can play without having one arm tied behind their backs," Bankrate.com analyst Greg McBride said with ...

Senator Elizabeth Warren (D-Ma.) is calling on the Federal Reserve to reverse its decision and reinstall its asset cap placed ...

On June 4, the Federal Reserve lifted the long-standing asset cap on Wells Fargo & Company (NYSE:WFC), signaling a ...

The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.

Sen. Elizabeth Warren (D-Mass.) and a CNBC anchor sparred Wednesday over the Federal Reserve’s decision to scrap an ...

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

Wells Fargo has finally been released from the Federal Reserve's seven-year-long $1.95 trillion asset cap, imposed after a ...

The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated ...