Chief Financial Officer Mike Santomassimo discussed Tuesday what opportunities the asset cap removal opens up for the bank over the medium to longer term.

Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...

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(Bloomberg) -- Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a ...

The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95-trillion asset cap that the regulator imposed on the bank in 2018, following its ...

The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, ...

Wells Fargo (NYSE: WFC) stock has risen by 3% over the last week and remains up by nearly 9% year-to-date. The recent gains come as the U.S. Federal Reserve announced last week that Wells Fargo ...

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

The fourth-largest U.S. bank will be allowed to grow again after years in purgatory.

Wells Fargo announced that the Federal Reserve has lifted the bank's asset cap, in place since 2018, after it satisfactorily achieved the regulators' required conditions for board effectiveness ...