Federal Reserve Board - Federal Reserve Board fines Wells Fargo …
Mar 30, 2023 · The Federal Reserve Board on Thursday announced that it has fined Wells Fargo & Co., of San Francisco, California, $67.8 million for the firm's unsafe or unsound practices relating to historical inadequate oversight of sanctions compliance risks at its subsidiary bank, Wells Fargo Bank, N.A. Wells Fargo & Co.'s deficient oversight enabled the ...
US regulator eases restrictions on Wells Fargo | AP News
The Biden administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals.
Wells Fargo Sends Fed a Crucial Review for Lifting Asset Cap
Sep 26, 2024 · Wells Fargo & Co. has entered a key new phase of its almost seven-year effort to escape a Federal Reserve cap on its assets, a punishment that has become the most feared in banking.
Wells Fargo Executives Plot Life After $36 Billion Punishment
Feb 3, 2025 · The buzz is building inside Wells Fargo & Co.: ... executives are awaiting a verdict on whether they’ve done enough to appease the Federal Reserve to get the restriction lifted. By one measure ...
Senator Warren Urges Fed to Keep Wells Fargo Asset Cap - U.S.
Nov 20, 2024 · WASHINGTON (Reuters) - 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...
Senator Warren urges Fed to keep Wells Fargo asset cap - Yahoo …
WASHINGTON (Reuters) - 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...
Fed ends two regulatory punishments imposed on Wells Fargo in …
WASHINGTON, Feb 4 (Reuters) - The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo (WFC.N), opens new tab in 2011, but said the bank's ...
Wells Fargo Issues Statement Regarding the Federal Reserve’s …
Jun 28, 2024 · Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
Wells Fargo Confirms Termination of Two Longstanding Federal …
SAN FRANCISCO, February 04, 2025--Wells Fargo & Company (NYSE: WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders: a 2011 consent order ...
Fed Should Reject Wells Fargo Bid to Lift Asset Cap, Warren Says
Nov 20, 2024 · The Federal Reserve should reject Wells Fargo’s recent petition to lift the asset cap imposed on the bank in 2018, Senate Democrat Elizabeth Warren tells Fed Chair Jerome Powell and Vice Chair Michael Barr in a letter.