Chief Financial Officer Mike Santomassimo discussed Tuesday what opportunities the asset cap removal opens up for the bank ...

Wells Fargo (WFC) aims to build up its corporate and investment bank and expand its branded credit-card business, among plans to grow the bank after seven years of being constrained by a $1.95T asset ...

The Federal Reserve on Tuesday said that Wells Fargo (WFC) is no longer subject to the asset growth restriction the regulator imposed on the bank in 2018, saying the bank has met all conditions ...

The fourth-largest U.S. bank will be allowed to grow again after years in purgatory.

The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...

The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.” ...

The bank sees businesses as a rich vein of growth now that the Federal Reserve has removed a punitive asset cap.

Regulators' decision to lift a seven-year-old cap on the size of the megabank's balance sheet will produce benefits over the ...

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 ...

The Federal Reserve lifted the $1.95 trillion asset cap on Wells Fargo, imposed in 2018 due to various scandals. This decision allows Wells Fargo, once the Des Moines metro's largest employer ...

The Federal Reserve has lifted its $1.95 trillion asset cap on major bank Wells Fargo (WFC), now enabling the financial institution to further grow its business.

Federal regulators on Tuesday lifted Wells Fargo’s $1.95 trillion asset cap punishment over its fake sales scandal that had prevented it from growing for the past seven years — a major turning ...