News

Wells Fargo shares hit three-month high as Fed ends growth freeze
Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, ...
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal
Since taking over in 2019, Scharf’s goal has been to convince the Federal Reserve that Wells Fargo had fixed its toxic ...
Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and ...
S&P Global 'Positive' on Wells Fargo as Regulatory Burden Lifts
The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted ...
Cap-free Wells Fargo could be a fashion faux pas
Despite a years-long $2 trln asset limit, the US lender’s stock outperformed most peers since 2020. Forced efficiency amid ...
Wells Fargo shares rise as asset cap removal sparks deposit and trading boost
Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...
Don't see the labor market falling apart at this point, says Wells Fargo's Jay Bryson
Jay Bryson, Wells Fargo chief economist, joins 'Squawk Box' to discuss the state of the economy, the Fed's rate path outlook, ...