Gains in the stock already reflect the removal of a cap on the bank’s asset base, analysts at Raymond James say.

The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech ...

When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for ...

The layoffs come just weeks after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its 2016 fake sales ...

In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the many penalties Wells Fargo faced from regulators.

The scandal severely tarnished the reputation of San Francisco-based Wells Fargo, which eight years ago was considered one of the best-run banks in the country by investors and analysts.

Oct 14 (Reuters) - Wells Fargo & Co (WFC.N) on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss ...

Wells Fargo Back In The Scandal Spotlight Following $250 Million Fine Oil Price Sep. 13, 2021, 10:30 AM ...

Here’s what happened: In March, some Wells Fargo customers began seeing a link on the company’s website that stated customers should click it if they’ve been affected by the COVID-19 pandemic.

Billions in loans to small businesses designed to keep businesses above water are off-limits to Wells Fargo customers. The bank has been limited in how many assets it can have by the Fed since 2018.

Wells Fargo has agreed to pay $3 billion to settle criminal charges and a civil action stemming from its widespread mistreatment of customers in its community bank over a 14-year period, the ...

Wells Fargo has previously been fined more than $1bn by the OCC and the Consumer Financial Protection Bureau for unfair sales practices in its mortgage lending and auto loans businesses, as well ...