Wells Fargo's Asset Cap Lifted by Fed After Scandal Resolution
TL;DR Summary
Wells Fargo has announced that the Federal Reserve has removed the growth limits on its assets imposed in 2018 after the company met all required conditions, marking a significant milestone in its transformation. The bank also announced a $2,000 special award for all full-time employees as recognition of their contributions during this period of change.
Topics:top-news#asset-limits#business#company-transformation#employee-award#federal-reserve#wells-fargo
- Wells Fargo Confirms that the Federal Reserve Has Removed the Limits on Growth in Total Assets Imposed in its 2018 Consent Order and Announces a Special Employee Award wellsfargo.com
- Wells Fargo Freed From Asset Cap Imposed After Fake-Accounts Scandal WSJ
- Wells Fargo’s Asset Cap Lifted by Fed, Paving Way for Growth (WFC) Bloomberg.com
- Wells Fargo's long road to lifting $1.95 trillion asset cap Yahoo Finance
- Wells Fargo asset cap axed by Fed after ‘substantial progress’ from fake accounts scandal New York Post
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