The bank can now grow after seven years of purgatory. And that comes as its chief local competitor just landed in a similar ...

The Federal Reserve has lifted the $1.95 trillion asset cap on Wells Fargo. The restriction was imposed in 2018 due to a ...

The JPMorgan Chase CEO also sounded off on regulatory requirements, expressing optimism that capital rules will be scaled ...

Regulators' decision to lift a seven-year-old cap on the size of the megabank's balance sheet will produce benefits over the ...

Charlotte Observer reporter Kitty Muccigrosso talks about how the Federal Reserve lifted Wells Fargo’s nearly $2 trillion asset cap.

Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management ...

The recent uptick follows the announcement from the U.S. Federal Reserve last week stating that Wells Fargo will no longer be ...

Lawmakers have written to the Federal Reserve Board of Governors to express their disapproval of the decision to lift Wells ...

The fourth-largest US bank plans to pursue growth and expansion in investment banking, credit cards, and wealth management now that it has shed a major growth restriction imposed last decade by ...

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

Wells Fargo’s profitability has been rising, with its adjusted preprovision net revenue increasing to nearly $30 billion in 2024 from $23.5 billion in 2022. The company’s return on tangible common ...

In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the ...