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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,

Opinion

Bloomberg · 3d

Wells Fargo’s Asset Cap Has Been a Good Punishment

The bank has emerged from its deserved reprimand much more disciplined. Regulators should use this tool again.

The Wall Street Journal on MSN · 4d

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.

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’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 ...

Cap-free Wells Fargo could be a fashion faux pas

Despite a years-long $2 trln asset limit, the US lender’s stock outperformed most peers since 2020. Forced efficiency amid ...

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 ...

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 ...

2don MSN

Wells Fargo CEO goes from fixer to builder as regulators lift punishments

Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a ...

The Press Democrat3d

Another drift higher for Wall Street pushes US stocks even closer to their records

Another drift higher for U.S. stocks is pushing Wall Street even closer to its record following its big recent rally.

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