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Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, marking a crucial milestone in the bank's push to rebuild its ...

Wells Fargo Is Allowed to Grow Again After 7 Years Under Asset-Cap Penalty. Fourth-largest U.S. bank can gather deposits, increase loans and expand its Wall Street businesses. By .

Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.

Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a major win for Chief ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

(Reuters) -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 ...

GATX has entered a definitive agreement to purchase around 105,000 railcars from Wells Fargo for $4.4bn via its newly-established joint venture (JV) with Brookfield Infrastructure Partners and its ...

Wells CEO Charlie Scharf, who joined the bank in 2019, spoke about the potential impact of the asset cap being removed during an industry conference Wednesday in New York. Scharf said that he and his ...

The deal, which the U.S. banking giant said will not have a material impact on its financial position or earnings, includes the entire rail operating lease assets valued at around $4.4 billion, as ...

Wells Fargo & Co.’s customer-account scandal and other financial missteps are at the heart of Dillard’s Inc.’s federal lawsuit addressing their former credit card partnership. The department ...