Wells Fargo asset cap likely to be removed next year

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 of the matter.
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.
Sen. Warren to Fed Chair: Don't Lift Wells Fargo's Asset Cap
Senator Elizabeth Warren is urging the Fed to reject Wells' reported appeal to lift the $1.95 trillion asset cap imposed following the 2016 fake-account scandal, according to Reuters.
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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 ...
Wall Street stocks end higher on tech; markets analyze Trump's tariff threats, Fed minutes
Wall Street stocks, led by S&P 500 and the Nasdaq, ended higher on Tuesday, as technology stocks rebounded, while investors ...
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Senator Urges Fed to Maintain Asset Cap on WFC Over Compliance Issues
Elizabeth Warren, a top Democratic Senator, has requested the Federal Reserve not to remove the $1.95 trillion asset cap ...
Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits
But the bank has not shed a Federal Reserve-imposed asset cap that has been the costliest punishment of all. Wells Fargo has made significant progress at cleaning house, however, and a Trump ...