Optimism is growing on Wall Street that the Federal Reserve's asset cap on Wells Fargo could be lifted this year. Wells Fargo said yesterday that another consent order with a key regulator has ended.

President Trump's affinity for tariffs casts uncertainty on any economic forecast. Wells Fargo’s economics team now foresees fewer Fed rate cuts occurring this year due to a stronger-than ...

The Fed imposed a $1.95 trillion asset cap in 2018 that prevents Wells Fargo from growing until regulators deem it has fixed failings in its governance and risk management. Scharf said last year ...

Wells Fargo & Co. may be a step closer to resolving the federal regulatory challenges overshadowing the bank since its fraudulent customer account scandal erupted in September 2016. Wells Fargo ...

However, the final decision will depend on a vote from the Federal Reserve's board of governors. At the Goldman Sachs 2024 U.S. Financial Services Conference held on Dec. 11, 2024, Wells Fargo’s ...

Wells Fargo's balance sheet quality remained solid with declining credit provisions, but commercial real estate exposure poses some risk. The delay in federal fund rate cuts supports a positive ...

Since its inception in 1852, Wells Fargo has grown into one of the biggest banks in the world. In fact, it’s the third largest bank by asset size in the U.S., according to the Federal Reserve.

SAN FRANCISCO (CN) — Arguing for the dismissal of misrepresentation claims relating to its hiring practices in federal court Tuesday afternoon, Wells Fargo said there is no evidence that its officers ...

Wells Fargo saw the end of another one of its federal agency consent orders tied to prior problems, the bank announced Tuesday morning. In 2022, the Consumer Financial Protection Bureau ordered ...