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Reinstate Wells Fargo’s Asset Cap

Fed's decision to lift asset cap marks a pivotal milestone for Wells Fargo, says CEO Charles Scharf

Wells Fargo CEO Charles Scharf joins CNBC's 'Squawk on the Street' to discuss the San Francisco-based lender's response to the Federal Reserve lifting the $1.9 trillion asset cap imposed in 2018, the company’s growth strategy,

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Wells Fargo's $1.95T asset cap lifted by the Fed: What this means

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Fed lifts Wells Fargo asset cap, clearing bank for growth as it rebuilds from scandal

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Wells Fargo’s Asset Cap Has Been a Good Punishment

The Federal Reserve finally removed the limit on the San Francisco-based lender’s total assets after the market closed on Tuesday, saying Wells Fargo had now met all the conditions for improving risk...

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Federal Reserve lifts Wells Fargo asset cap sanctions. What does that mean?

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Wells Fargo CEO Scharf enters growth era with eye on Wall Street

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Champagne Toasts, Big Ambitions: Wells Fargo CEO Embraces Newfound Freedom

The suggestion for the C-suite celebration came from the bank’s general counsel, Ellen Patterson, a surprise to Scharf because of her normally straight-laced nature.

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Stocks to Watch Wednesday: Nvidia, Wells Fargo, CrowdStrike

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Why Wells Fargo Shares Are Up Today

2don MSN

Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal

The Federal Reserve is loosening a major restriction on Wells Fargo (WFC) that was put in place following a fake accounts scandal nearly a decade ago, and the fourth-largest US bank will no longer have to operate under a $1.

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 mistakenly seizing homes.

2don MSN

How Charlie Scharf Got Wells Fargo Out of the Penalty Box

Scharf, 60, thanked Wells Fargo's 215,000 employees after they carried out his turnaround plans, one of the biggest in the banking industry. Years after its fake-accounts scandal drew public outrage and billions of dollars in fines, Wells Fargo has convinced the Fed that it has corrected its failures and could be allowed to grow again.

New York Post1y

Wells Fargo CEO warns severance costs could hit $1B this quarter as more layoffs loom

Wells Fargo CEO Charles Scharf warned severance costs this quarter could hit nearly $1 billion as the mega bank prepares for fresh layoffs in the coming year. “We’re looking at something like ...

Reuters1y

Wells Fargo raises CEO Charles Scharf's 2023 pay to $29 mln

Jan 25 (Reuters) - Wells Fargo (WFC.N), opens new tab said on Thursday it has raised CEO Charles Scharf's total compensation for 2023 to $29 million. The compensation consists of a base salary of ...

Wells Fargo has finally shed its dunce cap

Charlie Scharf, who took over as chief executive in 2019 after multiple scandals felled his two predecessors, has spent his time at Wells Fargo fighting through a thicket of consent orders, lawsuits and investigations.