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Reinstate Wells Fargo’s Asset Cap

Barron's on MSN · 3h

Warren and Waters to the Fed: Reinstate Wells Fargo’s Asset Cap

The lawmakers criticized the regulator for a lack of specificity in its public notice about why removing a limit on the amount of assets the bank of assets can hold was warranted

Yahoo Finance · 9h

Sen. Warren urges Fed to reconsider removing Wells Fargo asset cap

Senator Elizabeth Warren (D-Ma.) is calling on the Federal Reserve to reverse its decision and reinstall its asset cap placed on major bank Wells Fargo (WFC). The US central bank released Wells Fargo from its cap that held its total assets at $1.

Charlotte Observer on MSN · 15h

What’s next for Wells Fargo as growth limit penalty ends? Finance experts weigh in

In the scandal’s wake, the Federal Reserve imposed an unprecedented $1.95 trillion asset cap, the most significant of the many penalties Wells Fargo faced from regulators. For over seven years, the bank was essentially shackled in place while watching as rivals like Charlotte-based Bank of America continued to grow.

American Banker1d

Wells shed its asset cap — but it isn't clear why

The first-of-its-kind growth restriction established a new precedent for how regulators can address a broken bank culture.

1d

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 ...

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