Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 ...

The consent order required an unprecedented restriction on growth, known as an asset cap, until Wells Fargo showed that it ...

The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal ...

The Department of Justice is seeking to terminate a Biden-era lending discrimination settlement with Lakeland Bank. Last ...

The New Jersey bank settled redlining allegations in September 2022 and entered into a five-year consent order. The Justice ...

The megabank, which has spent years trying to improve its regulatory compliance, now has just one consent order remaining.

The Biden Justice Department had reached the settlement with Lakeland Bank, later absorbed by Provident Bank, over ...

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated ...

After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 ...

Wells Fargo was released from a punitive, seven-year-long $1.95 trillion cap on its assets on Tuesday after the U.S. Federal ...

Wells Fargo & Co. today confirmed that its asset cap has been lifted by the Federal Reserve. The asset cap had been put into ...

Significant regulatory progress has been made under CEO Charles Scharf, as evidenced by the closing of the seventh regulatory ...