Nupur Anand

New York

U.S. Banking Correspondent at Reuters

Writes on all things banking for Reuters. Author of Mehboob Murderer. Views are personal.

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Articles

How Charlie Scharf Got Wells Fargo Out of the Penalty Box

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.
米ＦＲＢ、ウェルズ・ファーゴの資産上限規制を解除

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。...
Fed lifts Wells Fargo asset cap, clearing bank for growth as it rebuilds from scandal

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.
Fed lifts Wells Fargo’s asset cap, citing progress from sales scandal

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.
Fed lifts Wells Fargo’s asset cap, citing progress from sales scandal

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.
Fed Lifts Wells Fargo's Asset Cap, Citing Progress From Sales Scandal

2 days ago | money.usnews.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.
Fed lifts Wells Fargo’s asset cap, citing progress from sales scandal

2 days ago | kelo.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.
Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

2 days ago | marketscreener.com | Pete Schroeder |Nupur Anand

WASHINGTON (Reuters) -Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth. The move hands a major victory to CEO Charlie Scharf, who has been cleaning up the bank since taking the top job in 2019, and sent the bank's shares up 2.7% in after-hours trading as investors anticipated that the bank can now expand.
Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

2 days ago | aol.com | Pete Schroeder |Nupur Anand

By Pete Schroeder, Nupur AnandWASHINGTON (Reuters) -Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth. The move handed a major victory to CEO Charlie Scharf, who has been cleaning up the bank since taking the top job in 2019, and sent the bank's shares up 2.7% in after-hours trading as investors anticipated that the bank can now expand.
Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

3 days ago | today.westlaw.com | Nupur Anand |Pete Schroeder

WASHINGTON (Reuters) -Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal Reserve lifted the regulatory measure, allowing the bank to pursue unimpeded growth.