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Wells Fargo, Fed
Wells Fargo Executives Plot Life After $36 Billion Punishment
The bank — once the envy of the industry — could finally be allowed to grow again. Seven years into a US cap on assets, executives are awaiting a verdict on whether they’ve done enough to appease the Federal Reserve to get the restriction lifted.
Fed ends two regulatory punishments imposed on Wells Fargo in 2011
The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
One pertained to deficient practices in Wells Fargo's residential mortgage loan servicing and foreclosure processing. The other was related to the mortgage lending practices of a former subsidiary, Wells Fargo Financial.
Federal Reserve ends 2 Wells Fargo consent orders
Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices
The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday.
Wells Fargo gains termination of two more Federal Reserve consent orders
Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 trillion total asset cap established in February 2018
Fed terminates 2 Wells Fargo consent orders
Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.
1d
on MSN
Wells Fargo clears another postscandal regulatory hurdle — but more remain
The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but ...
KOB 4
9h
Wells Fargo to close branch in downtown Albuquerque tower
Wells Fargo is planning to close the branch located inside the iconic, greenlit-at-night tower in downtown Albuquerque.
1d
Wells Fargo to close downtown Sioux Falls branch
Kelsey Grammer recently revealed to the New York Post the reason why he had a 30-year falling out with “Cheers” co-star Ted ...
American Banker
1d
Wells Fargo freed from a pair of 13-year-old consent orders
The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.
2d
on MSN
Why Wells Fargo favors industrial stocks despite new tariffs as S&P 500 stumbles
The industrial sector is one area of the U.S. stock market that looks favorable to Wells Fargo Investment Institute after new ...
6d
Wells Fargo CEO Charlie Scharf Gets Pay Bump To $31.2 Million
Wells Fargo paid Chief Executive Charlie Scharf $31.2 million for 2024, a more than 7% raise from a year earlier. Scharf ...
WISN Milwaukee on MSN
1d
Thieves target two Wells Fargo banks in Milwaukee County
Thieves targeted two Wells Fargo banks in Milwaukee County on Monday.
Hosted on MSN
11h
Wells Fargo Downgrades Snap (SNAP)
Fintel reports that on February 5, 2025, Wells Fargo downgraded their outlook for Snap (NYSE:SNAP) from Overweight to ...
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