The Federal Reserve lifts Wells Fargo's asset cap from 2018 enforcement action.

Fed Lifts Wells Fargo Asset Cap

04:35pm, Tuesday, 03'rd Jun 2025
Wells Fargo has been released from a Federal Reserve asset cap that has restricted its size for over seven years, allowing the bank to pursue growth again. Sally Bakewell has more on "Bloomberg The Cl
The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sale
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Board of Governors of the Federal Reserve System (the Federal Reserve) has determined that Wells Fargo has me
The fourth-largest U.S. bank will be allowed to grow again after years in purgatory.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the Morgan Stanley U.S. Financials Conference on Tuesday, Ju
The latest trading day saw Wells Fargo (WFC) settling at $74.72, representing a -0.08% change from its previous close.
WFC inks deal to sell its $4.4B rail leasing unit, sharpening its focus on core financial services and cost efficiency.
The WFC stock climbs 1.1% on OCC's 2015 consent order termination, pushing it closer to overcoming regulatory challenges.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) and Wells Fargo Bank, National Association (the “Bank”) today announced that the Bank, as sponsor of the trusts listed below, has
Wells Fargo said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture between railcar lessor GATX Corporation and Brookfield Infrastructure.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced it has entered into a definitive agreement to sell the assets of the company's rail equipment leasing business to a ne
Wells Fargo said on Thursday that the U.S. Office of the Comptroller of the Currency had terminated a 2015 consent order against the lender.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency's 2015 agreements relating to the company's previously held financi
WFC's CEO expresses confidence in nearing the resolution of regulatory issues as the bank works to lift the Fed's $1.95T asset cap and expand deposit growth.
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