Federal regulators on Tuesday lifted Wells Fargo’s $1.95 trillion asset cap punishment over its fake sales scandal that had prevented it from growing for the past seven years — a major turning point ...
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes. By Stacy Cowley Stacy Cowley has been covering ...
Federal regulators moved to lift an unprecedented punishment that had handcuffed growth at Wells Fargo WFC0.01%increase; green up pointing triangle, a milestone in the bank’s efforts to repair its ...
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