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.
Sen. Elizabeth Warren (D-Mass.) joins 'Squawk on the Street' to discuss the decision to lift Wells Fargo's asset cap, the documents it took to come to this decision and much more.

Why Wells Fargo Shares Are Up Today

11:02am, Wednesday, 04'th Jun 2025
Wells Fargo (WFC 0.96%) is out of the penalty box, more than seven years after regulators put limits on growth in response to a fake-accounts scandal.
Wells Fargo CEO Charles Scharf joins CNBC's 'Squawk on the Street' to discuss the San Francisco-based lender's response to the Federal Reserve lifting the $1.9 trillion asset cap imposed in 2018, the
Wells Fargo & Co (NYSE:WFC, ETR:NWT) scored a major regulatory victory on Tuesday after the US Federal Reserve lifted a strict asset cap that had hampered the bank's growth for more than six years. Th
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