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  • 2 days ago | money.usnews.com | Nupur Anand

    By Nupur AnandNEW YORK (Reuters) -When Charlie Scharf took over as Wells Fargo CEO nearly six years ago, he said its culture was broken. On Tuesday, the Fed said the bank's problems were mostly fixed as it lifted a $1.95 trillion asset cap imposed in 2018. Scharf, 60, thanked Wells Fargo's 215,000 employees after they carried out his turnaround plans, one of the biggest in the banking industry.

  • 2 days ago | jp.reuters.com | Pete Schroeder |Nupur Anand

    6月3日、米連邦準備理事会(FRB)は行員が数百万もの不正口座を開設するなどの不祥事を起こした米銀行大手ウェルズ・ファーゴに約7年間課していた1兆9500億ドルの資産上限規制を解除したと発表した。写真はシアトルの同銀支店。2024年12月撮影(2025年 ロイター/Chris Helgren) [ワシントン 3日 ロイター] - 米連邦準備理事会(FRB)は3日、行員が数百万もの不正口座を開設するなどの不祥事を起こした米銀行大手ウェルズ・ファーゴ(WFC.N), opens new tabに約7年間課していた1兆9500億ドルの資産上限規制を解除したと発表した。理事会が全会一致で賛成した。今後ウェルズ・ファーゴは資産規模の拡大を追求できるようになり、2019年の就任後に改革を進めてきたチャーリー・シャーフ最高経営責任者(CEO)にとって大きな成果となった。 FRBは声明で、18年に出した是正命令に定めた企業統治とリスク管理プログラムの改善などで同行は「実質的な進展」を遂げ、外部の専門家による検証を踏まえて解除を判断したと説明した。...

  • 2 days ago | desmoinesregister.com | Pete Schroeder |Nupur Anand

    The Federal Reserve lifted the $1.95 trillion asset cap on Wells Fargo, imposed in 2018 due to various scandals. This decision allows Wells Fargo, once the Des Moines metro's largest employer, to pursue growth, and marks a significant victory for CEO Charlie Scharf. Wells Fargo employees will receive a $2,000 bonus to commemorate the lifting of the asset cap.

  • 2 days ago | 933thedrive.com | Pete Schroeder |Nupur Anand

    By Pete Schroeder and Nupur AnandWASHINGTON (Reuters) -The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal. The Fed said in a statement that the bank had made “substantial progress” in addressing its deficiencies, including improving its governance and risk management programs, and completing a third-party review of its overhaul.

  • 2 days ago | wmbdradio.com | Pete Schroeder |Nupur Anand

    By Pete Schroeder and Nupur AnandWASHINGTON (Reuters) -The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal. The Fed said in a statement that the bank had made “substantial progress” in addressing its deficiencies, including improving its governance and risk management programs, and completing a third-party review of its overhaul.

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Nupur Anand
Nupur Anand @Nupursays
27 Feb 25

RT @ReutersPR: Statement from the editors of Reuters, The Associated Press and Bloomberg News https://t.co/nOUWbW4uH6 https://t.co/AeIiF2W2…

Nupur Anand
Nupur Anand @Nupursays
25 Feb 25

RT @saeedhas: BofA CEO expects Fed to hold on rates, urges simpler regulation https://t.co/J4n55Vku5d

Nupur Anand
Nupur Anand @Nupursays
16 Jan 25

RT @saeedhas: Exclusive: Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal, sources say https://t.co/BYcwLkItw…