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Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth
cnbc.com/2025/06/03/wells-fargo-escapes-feds-asset-cap-after-seven-years-able-to-pursue-growth.html
Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth.
The move handed a major victory to CEO Charlie Scharf, who has been cleaning…
This story appeared on cnbc.com, 2025-06-04 15:51:49.059000.