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Reinstate Wells Fargo’s Asset Cap

Barron's on MSN · 6h

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 · 1d

Exclusive: 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.

Financial Times · 2d

Wells Fargo asset cap lifted after ‘fake accounts’ scandal

The US central bank has removed a punitive asset cap imposed on Wells Fargo seven years ago over its “fake accounts” scandal, freeing the US bank to increase lending and expand its businesses.

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.

3hon MSN

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 ...

2d

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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