Wells Fargo announces layoff of another 35 workers in West Des Moines effective in August, bringing the total to 1,241 since April of 2022.

With its asset cap lifted, Wells Fargo bank CFO Mike Santomassimo outlines key plans for growth in wealth management, consumer banking, and investments.

Wells Fargo Sets Sights on Expansion: What the End of Constraints Means for Its Business Strategy After years of restrictions, Wells Fargo plans strategic expansion following Fed's lifting of ...

Initial reports blamed individual Wells Fargo branch workers and managers for the problem, as well as sales incentives associated with selling multiple solutions or financial products.

Wells Fargo (NYSE: WFC) is out of the penalty box, more than seven years after regulators put limits on growth in response to a fake-accounts scandal. It has been a lost decade for Wells Fargo ...

The Federal Reserve has lifted restrictions imposed on Wells Fargo's growth seven years ago following a series of scandals, including one where staff set up fake accounts.

Regulatory caps that limited growth have been lifted, freeing Wells Fargo to pursue new business. The caps cost the bank billions in profits during the years they were in place. Wells Fargo ...

Wells Fargo's asset cap is turning 5. How will it end? In February 2018, the Federal Reserve prohibited the San Francisco-based bank from growing beyond $1.95 trillion. Five years later, analysts, ...

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 history of fines, fraud, and misconduct spans years, including a $3B settlement and its $2T cap being lifted in 2023.