Wells Fargo Nears End of $1.95T Asset Cap

Exclusive-Wells Fargo asset cap likely to be lifted next year, sources say
By Nupur Anand NEW YORK (Reuters) -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,
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.
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.
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
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.
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 Nears End of $1.95T Asset Cap Amid Regulatory Progress
Wells Fargo & Company WFC is close to the final stages of meeting its regulatory requirements to remove the $1.95 trillion asset cap, which was imposed in 2018 following its fake accounts scandal. This was reported by Reuters on Tuesday,
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
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Wells Fargo's Asset Cap Could Be Key for the Stock
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Senator Warren urges Fed to keep Wells Fargo asset cap
WASHINGTON, Nov 20 (Reuters) - The Federal Reserve must not remove Wells Fargo's (WFC.N), opens new tab $1.95 trillion asset cap until the bank has fixed its risk management and compliance ...
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Wells Fargo forced to close loan applications due to asset cap
Wells Fargo has tried to shake the asset cap in order to extend greater coronavirus relief to consumers and businesses. The $1.95 trillion asset cap was imposed in response to the bank's ...
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Wells Fargo on a Potential Lifting of the Asset Cap: It's 'Up to the Regulators'
Wells Fargo said on a call with the media Friday that it cannot provide an update on a potential lifting of its asset cap. Chief Financial Officer Michael Santomassimo said that while the bank ...
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Wells Fargo asset cap could be lifted by next year; HSBC loses appeal against €32mn Euribor-rigging fine
Since the issues surfaced in 2016, the bank has faced billions in fines and numerous regulatory penalties, many of which remain unresolved. However, the bank has made progress, closing six consent ...