Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong cap on growth.
Senator Elizabeth Warren (D-MA) reacts to President Trump's Truth Social post agreeing with her argument that the US should get rid of the debt limit entirely. -------- Watch Bloomberg Radio LIVE on Y
Sen. Elizabeth Warren on Wednesday said that with several allegations in the past year of Wells Fargo engaging in money laundering and consumer fraud, it "makes no sense" to reduce oversight of the ba
Sen. Elizabeth Warren on Wednesday questioned how the Federal Reserve decided to lift its asset cap on Wells Fargo and said she's open to speaking with the bank's management team. "I don't want to hea
Wells Fargo CFO Mike Santomassimo reacts to the bank being released from a Federal Reserve asset cap that has restricted its size for over seven years. Speaking on "Bloomberg The Close," Santomassimo
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpede
Wells Fargo CEO Charles Scharf said the Federal Reserve's decision to lift its asset cap on the bank is "incredibly important" in changing the perception of Wells Fargo. "We've always been perceived a

Wells Fargo CEO on asset cap's effect on business

03:00pm, Wednesday, 04'th Jun 2025
Wells Fargo CEO Charles Scharf said Wednesday that he agrees with estimates that the Fed asset cap likely cost the bank about $400 billion in deposits.
Sen. Elizabeth Warren said on Wednesday that the Fed should be "embarrassed" by its decision to lift the asset cap on Wells Fargo, citing several recent allegations of the bank scamming investors and
Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional.
Wells Fargo CEO Charles Scharf said on Wednesday that the Federal Reserve's decision to lift the $1.9 trillion cap on the company's assets marks a pivotal milestone for the company.
WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.
The Federal Reserve lifted Wells Fargo's (WFC) $1.95 trillion asset cap this week. Chris Whalen, chairman of Whalen Global Advisors, explains why Wells Fargo's focus is shifting toward retail banking
U.S. equities were slightly higher at midday as a weaker-than-expected private sector employment report sent bond yields tumbling. The Dow Jones Industrial Average, S&P 500, and Nasdaq were all higher
Gerard Cassidy, RBC Capital Markets global financials research co-head, joins 'Money Movers' to discuss the Fed lifting Wells Fargo's asset cap.
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