Wells Fargo Stock Rises as Fed Lifts Asset Cap After 7 Years

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The Federal Reserve has lifted the $1.95 trillion asset cap on Wells Fargo, imposed after a 2016 fake accounts scandal. This marks a major milestone for CEO Charles Scharf, who has focused on cleaning up past issues since 2019. The removal reflects the bank’s progress in addressing regulatory concerns and allows Wells Fargo to pursue growth, especially in investment banking. While the asset cap is gone, other regulatory restrictions remain, and the bank continues to face oversight for compliance issues, Yahoo Finance has reported. Regulators emphasized that ongoing management and supervision will be crucial for sustained improvement. read more: 👍 Like this video to mark a turning point in Wells Fargo’s comeback from scandal and regulatory scrutiny. 💬 Comment below—do you believe Wells Fargo has truly reformed, or should stricter oversight continue? 🔗 Share this video to inform others about the latest in financial regulation, banking accountability, and economic reform. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us deliver crucial updates on business ethics and corporate transparency. 👉 Don’t forget to subscribe for more news on major financial institutions, regulatory decisions, and economic developments that impact everyone. Thanks for watching and supporting independent financial journalism. 🏦📈💬 Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #WellsFargo #FederalReserve #BankingNews