Wells Fargo, Federal Reserve

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.
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.
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
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection enforcement action.
Federal Reserve Board Terminates Two Enforcement Actions Against Wells Fargo
The Federal Reserve Board announced the termination of two enforcement actions with Wells Fargo that were initiated in 2011. The
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.
Wells Fargo clears two more regulatory hurdles as asset cap remains
Those two orders were imposed in 2011 due to deficiencies in the bank's legacy mortgage servicing business and Wells Fargo Financial unit. Charlie Scharf, Wells Fargo's CEO who has led the company since 2019,
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 ...
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Wells Fargo union accuses the bank of 'unlawful' tactics
Representatives of the first non-branch team at the bank to unionize alleged in a charge filed with the National Labor Relations Board that actions to stymie collective bargaining constitute unfair ...
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Wells Fargo Assigns New Head of Sustainability
Jeffrey Schub steps in as Wells Fargo's new Head of Sustainability, promising advances in the bank's green initiatives ...
Wells Fargo upgrades TransDigm on capital deployment opportunity
Wells Fargo upgraded TransDigm (TDG) to Overweight from Equal Weight with a price target of $1,500, up from $1,375. The firm sees a ...
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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.
Ex-Wells Fargo banker accused of ‘fencing’ LEGOs stolen from Charlotte-area Walmarts
A former Wells Fargo banker is accused of “fencing” hundreds of thousands of dollars of “highly lucrative” LEGO products stolen from Charlotte-area Walmart and Target stores, federal investigators say ...
WATCH: Special Olympics Iowa players show their skills at Wells Fargo
The Iowa Wolves teamed up with Special Olympics Iowa to bring some special kids onto the court Saturday night. As part of ...
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 ...