tldrdailynews.com logo

Wells Fargo's Asset Cap Lifted by Fed After Scandal Resolution

1 min read
Source: wellsfargo.com
Wells Fargo's Asset Cap Lifted by Fed After Scandal Resolution
Photo: wellsfargo.com
TL;DR

Wells Fargo has announced that the Federal Reserve has removed the growth limits on its assets imposed in 2018 after the company met all required conditions, marking a significant milestone in its transformation. The bank also announced a $2,000 special award for all full-time employees as recognition of their contributions during this period of change.

Topics:top-newsbusiness#asset-limits#business#company-transformation#employee-award#federal-reserve#wells-fargo
Share this article
  1. Wells Fargo Confirms that the Federal Reserve Has Removed the Limits on Growth in Total Assets Imposed in its 2018 Consent Order and Announces a Special Employee Award  wellsfargo.com
  2. Wells Fargo Freed From Asset Cap Imposed After Fake-Accounts Scandal  WSJ
  3. Wells Fargo’s Asset Cap Lifted by Fed, Paving Way for Growth (WFC)  Bloomberg.com
  4. Wells Fargo's long road to lifting $1.95 trillion asset cap  Yahoo Finance
  5. Wells Fargo asset cap axed by Fed after ‘substantial progress’ from fake accounts scandal  New York Post

Want the full story? Read the original reporting

Read on wellsfargo.com