Wells Fargo Nears End of $1.95T Asset Cap

Senator Warren urges Fed to keep Wells Fargo asset cap
The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the U.S. central bank on Wednesday.
Wells Fargo asset cap likely to be removed next year - report
Wells Fargo (NYSE:WFC) stock gained 2.5% in Tuesday premarket trading after a media report that the asset cap placed on the bank almost seven years ago is likely to be lifted in 2025. The company is in the last stages of a process to pass regulatory tests to remove a $1.
Wells Fargo asset cap could be removed next year, Reuters reports
Wells Fargo (WFC) is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing
Exclusive: Wells Fargo asset cap likely to be lifted next year, sources say
Wells Fargo is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake accounts scandal, according to three sources familiar with the situation.
Wells Fargo shares gain as asset cap likely to be lifted in 2025, report says
Wells Fargo (NYSE:WFC) is nearing the final stages of meeting regulatory requirements to lift the $1.95 trillion asset cap imposed after its fake accounts scandal, Reuters reported Tuesday, citing three sources with knowledge
Wells Fargo Nears End of $1.95T Asset Cap Amid Regulatory Progress
WFC is nearing the removal of its $1.95 trillion asset cap, which was imposed in 2018 following its significant regulatory progress.
Fed Could Lift Wells' Asset Cap Next Year: Reports
Wells Fargo is wrapping up the process of regulatory requirements necessary for lifting a $1.95 trillion asset cap next year, according to news reports.
Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted
Wells Fargo has submitted a third-party review to the Federal Reserve to lift a $1.95 trillion asset cap imposed after the 2016 fake accounts scandal. Read more here.
Don’t lift Wells Fargo asset cap, Warren tells Fed
The bank’s OCC order, citing anti-money laundering deficiencies, and a court case over alleged sham interviews prove Wells hasn’t changed sufficiently, the senator wrote in a letter to central bank officials.
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