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Wells Fargo Freed From Asset Cap Imposed

Wells Fargo sets expansion aspirations after asset cap lifted - report

Wells Fargo (WFC) aims to build up its corporate and investment bank and expand its branded credit-card business, among plans to grow the bank after seven years of being constrained by a $1.95T asset cap,

The Wall Street Journal on MSN · 3d

Wells Fargo Freed From Asset Cap Imposed After Fake-Accounts Scandal

Federal regulators moved to lift an unprecedented punishment that had handcuffed growth at Wells Fargo, a milestone in the bank’s efforts to repair its tarnished reputation after its fake-accounts scandal erupted nearly a decade ago.

The Washington Post · 3d

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture

Wall Street’s rally eases off the accelerator following discouraging updates on the economy

NEW YORK (AP) — Wall Street’s big rally is easing off the accelerator on Wednesday following some potentially discouraging ...

Wells Fargo eyes growth to take on Wall Street

Charlie Scharf can finally play offence. After more than a half-decade cleaning up Wells Fargo & Co's scandals, the chief ...

2don MSN

Champagne Toasts, Big Ambitions: Wells Fargo CEO Embraces Newfound Freedom

Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong cap on growth.

Wall Street drifts following some discouraging updates on the economy

Longer-term Treasury yields have also been rising in recent weeks because of reasons outside the Fed’s control. Investors ...

2don MSN

2 Potential Stock-Split Stocks Up 185% and 255% in 3 Years to Buy Now, According to Certain Wall Street Analysts

Over the last three years, Meta Platforms ( META 1.95%) and CrowdStrike ( CRWD 1.20%) have returned 255% and 185%, ...

The Spokesman-Review3d

Wells Fargo CEO Scharf enters growth era with eye on Wall Street

The gap between Wells Fargo and other Wall Street banks is still wide. The firm’s trading revenue and investment-banking fees last year were about the same as what JPMorgan earned from those ...

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