The Federal Reserve action comes 9 months after lifting the harshest punishment, the $2 trillion asset cap that kept the bank from growing.

(Reuters) -The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its ...

(Reuters) - There is probably no broader problem in the U.S. banking industry over abusive sales practices, despite the penalties imosed on Wells Fargo & Co's recently, the head of a federal consumer ...

The bank exited the $1.95-trillion asset cap last year, but it had remained subject to the rest of the eight-year-old order.

Wells Fargo reported website problems Thursday, attributing them to a cyberattack that created a " traffic jam." Wells, on Facebook, told customers to keep trying to log on to its website "as the ...

Wells Fargo says the economy is getting better — it sees signs of recovery in its loan business. But the big bank may be more of an exception than a leading indicator. Breaking from the cautious, even ...

For seven years, Wells Fargo fought with one arm tied behind its back. But on June 3 2025, the US Federal Reserve finally delivered the news the bank had been waiting for: the US$1.95trn asset cap was ...