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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 ...
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 ...
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 removes restrictions on Wells Fargo after fake-accounts scandal
The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has ...
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Wells Fargo outlook upgraded to positive from stable by S&P Global Ratings
Wells Fargo’s profitability has been rising, with its adjusted preprovision net revenue increasing to nearly $30 billion in 2024 from $23.5 billion in 2022. The company’s return on tangible common ...
S&P Global 'positive' on Wells Fargo as regulatory burden lifts
S&P Global upgraded its outlook on Wells Fargo to "positive" from "stable", the ratings provider said on Friday, after the ...
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, ...