With a Federal Reserve-imposed asset cap now off its shoulders, the Wall Street lender is ramping up its buying within the $1 ...

Wells Fargo announces layoff of another 35 workers in West Des Moines effective in August, bringing the total to 1,241 since April of 2022.

This round of funding was backed by continued support from Octaura’s founding investors, including Bank of America, Citi, Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo and Moody’s ...

After seven years under a restrictive asset cap imposed by the US Federal Reserve, Wells Fargo has finally received approval to resume expansion. The removal of the $1.95 trillion (£1.44 trillion ...

Sen. Elizabeth Warren (D-Mass.) and a CNBC anchor sparred Wednesday over the Federal Reserve’s decision to scrap an unprecedented penalty on Wells Fargo. In an interview with CNBC’s Sar… ...

By some estimates, Wells Fargo missed out on upward of $39 billion in profits during the years the caps were in place. There's no way to make up for lost time, but the stat provides some context ...

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. The news that the Fed ...

Wells Fargo (WFC 1.42%) 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 ...

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

All 215,000 Wells Fargo employees who continued to serve clients “through difficult conditions,” Scharf said, will receive a $2,000 award, for most in the form of a restricted stock grant.

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 ...