Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals

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Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals

nytimes.com/2025/06/03/business/wells-fargo-asset-cap-federal-reserve.html

For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes.

This story appeared on nytimes.com, 2025-06-03 22:42:03.