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Fed Lifts Restrictions Placed on Wells Fargo in 2018

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

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.

Washington Examiner · 1h

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.

Mint on MSN · 10h

Fed lifts curbs on Wells Fargo: All about the accounts scandal that invited $1.95-trillion asset cap penalty on US bank

The US Federal Reserve lifted asset growth restrictions on Wells Fargo, imposed after a fake accounts scandal in 2018. CEO Charles Scharf announced a $2,000 reward for employees.

8hon MSN

Wells Fargo No Longer Faces Federal Reserve's 2018 Asset Cap

KEY TAKEAWAYS The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series ...

Wells Fargo Stock Rises as Fed Removes $1.95T Asset Cap After 7 Years

WFC stock jumps as the Fed lifts its $1.95T asset cap, unlocking growth potential stalled since the 2018 scandal.

10h

Wells Fargo shares rise as asset cap removal sparks deposit and trading boost

Fed lifts Wells Fargo’s $1.95 trillion asset cap after six years, marking a turnaround for the bank and boosting confidence ...

Richmond6mon

Former local Federal Reserve manager pleads guilty to insider trading

A former senior manager at the Federal Reserve Bank of Richmond pleaded guilty to insider trading and making false statements on Tuesday, according to the U.S. Department of Justice. A news ...

Investopedia4mon

Federal Reserve Bank of Kansas City: Responsibilities and Areas Served

Besides his extensive derivative trading expertise ... Bank? The Federal Reserve is not a bank in the traditional sense where individuals or businesses can open bank accounts.

Newsweek2y

Trading of Bank Shares Halted After Value Plunges

The Kobeissi Letter Twitter account said: "JUST IN: Regional bank stocks ... banks had share trading halted but these regulatory halts were lifted shortly after. The Federal Deposit Insurance ...

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