Wells Fargo Nears End of $1.95T Asset Cap

Exclusive-Wells Fargo asset cap likely to be lifted next year, sources say
By Nupur Anand NEW YORK (Reuters) -Wells Fargo is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake accounts scandal,
Wells Fargo asset cap likely to be removed next year - report
Wells Fargo (NYSE:WFC) stock gained 2.5% in Tuesday premarket trading after a media report that the asset cap placed on the bank almost seven years ago is likely to be lifted in 2025. The company is in the last stages of a process to pass regulatory tests to remove a $1.
Don’t lift Wells Fargo asset cap, Warren tells Fed
The bank’s OCC order, citing anti-money laundering deficiencies, and a court case over alleged sham interviews prove Wells hasn’t changed sufficiently, the senator wrote in a letter to central bank officials.
Senator Warren urges Fed to keep Wells Fargo asset cap
The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the U.S. central bank on Wednesday.
Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted
Wells Fargo has submitted a third-party review to the Federal Reserve to lift a $1.95 trillion asset cap imposed after the 2016 fake accounts scandal. Read more here.
Wells Fargo asset cap could be removed next year, Reuters reports
Wells Fargo (WFC) is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing
Wells Fargo Nears End of $1.95T Asset Cap Amid Regulatory Progress
Wells Fargo & Company WFC is close to the final stages of meeting its regulatory requirements to remove the $1.95 trillion asset cap, which was imposed in 2018 following its fake accounts scandal. This was reported by Reuters on Tuesday,
Wells Fargo shares gain as asset cap likely to be lifted in 2025, report says
Wells Fargo (NYSE:WFC) is nearing the final stages of meeting regulatory requirements to lift the $1.95 trillion asset cap imposed after its fake accounts scandal, Reuters reported Tuesday, citing three sources with knowledge
Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits
Aside from the Great Recession and the bank failures of last year, few issues in the recent banking era have been more ...
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Wells Fargo's Asset Cap Could Be Key for the Stock
(Victor J. Blue/Bloomberg) Wells Fargo is scheduled to report first-quarter earnings on Friday, and investors will be keeping an eye out for any updates on the bank’s asset cap allowance and net ...
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Lower Rates Will Weigh on Wells Fargo's Net Interest Income
Wells Fargo remains in the middle of a multiyear rebuild. The bank is still under an asset cap imposed by the Federal Reserve, and we don't see this restriction coming off in 2024. Wells Fargo ...
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Bank Of America Predicts Positive Stock Re-Rating For Wells Fargo After Asset Cap Removal
Bank of America analyst raises Wells Fargo's price target to $84, citing a high-teens ROTCE trajectory and efficiency gains. Removal of the 2018 asset cap could drive a stock re-rating ...
Barron's7mon
Wells Fargo on a Potential Lifting of the Asset Cap: It's 'Up to the Regulators'
Wells Fargo said on a call with the media Friday that it cannot provide an update on a potential lifting of its asset cap. Chief Financial Officer Michael Santomassimo said that while the bank ...