Wells Fargo shares gain as asset cap likely to be lifted in 2025, report says

By Yahoo! Finance   |   1 year ago
Wells Fargo shares gain as asset cap likely to be lifted in 2025, report says

Wells Fargo is close to lifting the $1.95 trillion asset cap imposed by regulators due to a fake accounts scandal. The cap may be removed by the first half of 2025 pending Federal Reserve approval. Despite facing penalties and restrictions, the bank aims to rebuild its reputation.

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