Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional.

NEW YORK (Reuters) -Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday ...

Wells Fargo shares were up 0.5 per cent on Wednesday afternoon, having climbed more than 8 per cent so far this year as investors became more optimistic about the bank shedding its regulatory baggage.

By Nupur Anand, Lananh Nguyen NEW YORK (Reuters) -Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset ...

The layoffs come just weeks after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its 2016 fake sales ...

The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has sought to move past a series of scandals in the last decade.

The Fed lifts Wells Fargo’s asset cap, ... $100k+ remote & hybrid jobs in NC: Open positions with work-from-home perks June 25, 2025 11:09 AM Part of the McClatchy Media Network. About. About ...

Wells Fargo & Co. shares are rising in Tuesday's after-hours session after the company announced it's no longer subject to asset growth restrictions imposed in 2018.

Wells Fargo used to have a corporate culture where it placed unreasonable sales goals on its branch employees, which resulted in employees opening up millions of fake accounts in order to meet ...

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016. That’s the year that the bank ...

Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong cap on growth.