News

Gains in the stock already reflect the removal of a cap on the bank’s asset base, analysts at Raymond James say.
The Wells Fargo financial scandal in 2016 diminished consumer trust in traditional banks while driving homebuyers to fintech ...
When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for ...
The layoffs come just weeks after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its 2016 fake sales ...
The Fed lifts Wells Fargo’s asset cap, allowing the San Francisco-based banking giant to expand loans, deposits, and regain its competitive edge in the market.
The Biden administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals.
Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in preparation for a ...
The bank admitted that the closure of the accounts may have an impact on the credit score. Wells Fargo said it was discontinuing the product in order to focus on personal loans and credit cards.
If you have a mortgage with Wells Fargo, you’re going to want to check its current status ASAP. That’s because said mortgage may be in forbearance without you knowing about it, reports NBC ...
Billions in loans to small businesses designed to keep businesses above water are off-limits to Wells Fargo customers. The bank has been limited in how many assets it can have by the Fed since 2018.
Wells Fargo has agreed to pay $3 billion to settle criminal charges and a civil action stemming from its widespread mistreatment of customers in its community bank over a 14-year period, the ...
Simply sign up to the US banks myFT Digest -- delivered directly to your inbox. Wells Fargo has agreed to pay $3bn in criminal and civil penalties for fraudulently opening millions of customer ...