Federal Reserve lifts cap on Wells Fargo after fake account scandal fixes

axios.com/2025/06/03/wells-fargo-fake-accounts-federal-reserve

Wells Fargo is shedding the last major link to the fake accounts scandal that dogged the bank: the Federal Reserve on Tuesday said that it would no longer cap how much the institution could grow.
Why it matters: For the first time in seven years, Wells Fargo is free to expand its…

This story appeared on axios.com, 2025-06-03 23:15:53.
The Entire Business World on a Single Page. Free to Use →