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The Fed temporarily eases restrictions on Wells Fargo to boost lending amid "extraordinary disruptions".....»»

The Federal Reserve said Wednesday that it will “temporarily and narrowly modify” the asset cap on Wells Fargo so the bank can lend more under the SBA Paycheck Protection Program. “Due to the extraordinary disruptions from the coronavirus, th.....»»

The Federal Reserve said Wednesday that it will “temporarily and narrowly modify” the asset cap on Wells Fargo so the bank can lend more under the SBA Paycheck Protection Program. “Due to the extraordinary disruptions from the coronavirus, th.....»»

Wells Fargo & Co has asked the U.S. Federal Reserve to remove an asset cap introduced during its accounts scandal in order to allow it to support businesses and customers hit by the coronavirus economic fallout, the Financial Times reported......»»

Wells Fargo & Co is overhauling its reporting lines, marking Chief Executive Officer Charles Scharf's first move to stamp out the structure implicated in its fake-account scandal, The Wall Street Journal reported on Tuesday......»»

Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. Stumpf also accepted a lifetime ban from the banking industry......»»

Federal regulators have slapped former Wells Fargo chief executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal......»»

Federal regulators have slapped former Wells Fargo chief executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal......»»

Several former Wells Fargo & Co. senior executives are under criminal investigation resulting from the bank’s fake-accounts scandal, trade publication American Banker reported, citing unnamed sources. According to the report, federal prosecutors.....»»

Several former Wells Fargo & Co. senior executives are under criminal investigation resulting from the bank’s fake-accounts scandal, trade publication American Banker reported, citing unnamed sources. According to the report, federal prosecutors.....»»

U.S. stocks opened higher on Wednesday, lifted by Apple's shares, as the iPhone maker's upbeat earnings eased concerns over the impact of the U.S.-China trade war, while investors awaited an almost certain cut in interest rates by the Federal Reserve......»»

Wells Fargo & Co (NYSE: WFC) reported Friday first-quarter results that helped boost shares for the struggling bank. read more.....»»

Financial stocks are on track for a broad rally Friday, as better-than-expected fir.....»»

With Financial sector earnings season looming, a shot got fired across the bow last week when Tim Sloan, CEO of Wells Fargo & Co (NYSE: WFC) announced his retirement. This unexpected move created so.....»»

Charged with cleaning up the fake-accounts scandal that claimed his predecessor, Sloan has struggled to satisfy regulators' demands to overhaul the sprawling institution......»»

The expected positive impact from the federal tax overhaul, aim.....»»

WASHINGTON (Reuters) - The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren, the Massachusetts lawmaker said on Friday......»»

A federal judge in San Francisco has signed o.....»»

A federal judge in San Francisco has signed o.....»»

President Donald Trump's criticism of the "loco" Federal Reserve will likely have "zero impact" on future policies, according to Michael Schumacher, head of interest rate strategy at Wells Fargo & Co (NYSE: read more.....»»