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News

Wells Fargo asset cap axed by Fed

Washington Examiner on MSN · 1h
Federal Reserve lifts asset cap placed on Well Fargo after 2018 fake accounts scandal
Federal regulators moved to lift their punishment against Wells Fargo, which prevented its growth following the bank’s fake accounts scandal in 2018. The Federal Reserve Board of Governors voted Monday to remove an unprecedented restriction that had capped the bank’s assets at approximately $1.
Los Angeles Times on MSN · 17h
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 sought to move past a series of scandals in the last decade.
Charlotte Observer on MSN · 17h
Feds lift Wells Fargo $2T asset cap penalty imposed after fake account scandal
The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.”
Business Insider2mon
Keeping Bank Statements: What You Need to Know
You may need account transaction information ... While financial institutions are required by federal law to keep customers' bank statements for at least five years, they may not be easily ...
2h
Federal Reserve lifts asset cap placed on Wells Fargo after 2018 fake accounts scandal
Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.

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