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

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.

(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 ...

Wells Fargo has agreed to pay $85 million to settle a lawsuit alleging it engaged in “sham” diversity hiring practices, according to court documents filed Oct. 15. According to the 2022 lawsuit, SEB ...

We do not expect meaningful cost savings to drop directly to the bottom long,” Raymong James analyst David Long told clients.

WASHINGTON (Reuters) -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 ...

Shares of financial services giant Wells Fargo (NYSE:WFC) fell 6.6% in the afternoon session after concerns grew over its exposure to Market Financial Solutions Ltd., a UK mortgage firm that collapsed ...

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 ...

I think the city and the state should always ask, ‘What do they have to do to make this an attractive place for the company to be?’ Wells Fargo CEO Charlie Scharf told the Business Times in discussing ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. A sign is posted in front of a Wells Fargo bank office on April 11, 2025 in San Rafael, California. (Justin Sullivan / Staff via ...