WebApr 8, 2024 · Wells Fargo had $1.7 trillion in consolidated assets as of the end of 2024. The Fed also noted that the move Wednesday does not modify any of the other actions taken … WebNov 30, 2024 · The Fed voted 3-0 in favor of growth restrictions that prevented Wells Fargo from getting any bigger than $2 trillion in assets. “We cannot tolerate pervasive and persistent misconduct at...
Federal Reserve Board - Federal Reserve Board announces, due to …
WebOct 19, 2024 · The U.S. government has determined that Wells Fargo executives created conditions that produced mass-scale fraudulent activity in the 2010s. The bank’s growth is capped just under $2 trillion... WebFeb 7, 2024 · At 6:15 p.m. on Friday, Feb. 2, 2024, the Federal Reserve Board of Governors announced an enforcement action against Wells Fargo that imposed a novel … tap tp 224
Wells Fargo acknowledges asset cap to last into 2024; share repurchases
WebApr 11, 2024 · Wells Fargo CEO Sloan said in a conference call that operating with the asset cap of $1.95 trillion is “manageable,” that the bank would present an oversight and governance improvement plan to ... Web1 hour ago · Wells Fargo & Co's profit jumped 32% in the first quarter as it earned more from interest rate payments, helped by the U.S. Federal Reserve's tighter monetary policy, the lender reported Friday. WebJul 31, 2024 · Wells Fargo Sold Assets to Stay Under Fed Asset Cap as Markets Lurched Lender was forced to act as customers borrowed billions on credit lines amid the Covid … tap tp242