The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake ...

When the Federal Reserve in June lifted the $1.95 trillion asset cap it imposed on Wells Fargo back in 2018 as punishment for a widespread scandal involving the creation of fake customer accounts, CEO ...

U.S. lender Wells Fargo said on Thursday its board of directors planned to appoint the lender's CEO Charlie Scharf as its chairman and to award him a one-time special equity grant of $30 million in ...

Wells Fargo’s asset cap removal, strong earnings, and $40B buyback plan position it for growth and higher returns despite ...

Wells Fargo’s nearly $2 trillion asset cap punishment by the Federal Reserve has meant the fourth-largest bank in the U.S. couldn’t grow in the wake of its massive fake sales account scandal.

The asset cap was Wells Fargo's biggest penalty stemming from its 2016 fake accounts scandal. From 2002 to 2016, thousands of Wells Fargo's Community Bank employees opened millions of unauthorized ...

Wells Fargo will no longer have to operate under a $1.95 trillion asset cap that the Federal Reserve imposed on the bank in 2018 following its long-running sales practices scandal.

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake accounts scandal FILE - A sign stands outside a branch of Wells Fargo bank Wednesday, April 17, 2024, in Littleton, Colo ...

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

Wells Fargo's regulatory sanctions began after the fake accounts scandal was discovered in 2016. Since then, regulators identified additional problems with how the bank handled mortgages, auto ...

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake accounts scandal FILE - A sign stands outside a branch of Wells Fargo bank Wednesday, April 17, 2024, in Littleton, Colo ...