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 ...

Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, ...

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...

June 4, 2025. More for You ...

For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and ...

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 ...

Powell reiterated the Fed's commitment to a 2% inflation target, calling anchored inflation expectations "critical to ...

Chicago Federal Reserve Bank President Austan Goolsbee said on Monday he continues to think the U.S. central bank will be ...

Fed's Waller Highlights a Path to 2025 Rate Cuts; U.S. Jobs Data, ECB Policy Decision Eyed This Week By Vicky Ge Huang A short-lived bump in tariff-driven inflation could pass quickly enough to allow ...

Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the ...

Federal Reserve Chair Jerome Powell announced a planned 10% workforce reduction over the next few years, impacting roughly 2,400 positions nationwide. This initiative aligns with a broader federal ...

“I have directed the leadership of the Federal Reserve, here at the board and across the system, to find incremental ways to consolidate functions where appropriate, modernise some business ...