Wells Fargo reaches ‘pivotal milestone’ as the Fed lifts an unprecedented restriction

fastcompany.com/91345879/wells-fargo-reaches-pivotal-milestone-fed-lifts-unprecedented-restriction

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 fastcompany.com, 2025-06-04 15:16:48.
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