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For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016. That’s the year that the bank ...
Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.
The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has sought to move past a series of scandals in the last decade.
Wells Fargo is out of the penalty box, more than seven years after regulators put limits on growth in response to a fake-accounts scandal. Investors are relieved, sending Wells Fargo shares up 3% ...
The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts.
Wells Fargo & Co. shares are rising in Tuesday's after-hours session after the company announced it's no longer subject to asset growth restrictions imposed in 2018.
Wells Fargo can mark your account as “dormant” if there’s been no real activity for over 16 months. Wells Fargo is closing inactive accounts, and it may start affecting more customers in June.
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. "We are a different and ...
Some JPMorgan staffers are trying to unionize amid dissatisfaction with return-to-office policies. The unionization effort follows a similar, prolonged attempt at Wells Fargo with limited success ...