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Wells Fargo clears 2 more regulatory hurdles

Wells Fargo clears another postscandal regulatory hurdle — but more remain

The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but five more remain, including its asset cap.

Reuters · 2d

Fed ends two regulatory punishments imposed on Wells Fargo in 2011

The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.

The Business Journals · 2d

Wells Fargo clears two more regulatory hurdles as asset cap remains

Those two orders were imposed in 2011 due to deficiencies in the bank's legacy mortgage servicing business and Wells Fargo Financial unit. Charlie Scharf, Wells Fargo's CEO who has led the company since 2019,

Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices

The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago ...

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Wells Fargo (WFC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the ...

Winston-Salem Journal1d

Wells Fargo gains termination of two more Federal Reserve consent orders

Wells Fargo & Co. has narrowed by two the number of outstanding consent orders with the Federal Reserve Board, but the $1.9 ...

American Banker2d

Wells Fargo freed from a pair of 13-year-old consent orders

The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.

2don MSN

Two more Wells Fargo federal consent orders terminated. But growth cap remains for now

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...

bankingdive2d

Fed terminates 2 Wells Fargo consent orders

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and ...

Wells Fargo & Company Issues Positive Forecast for Cardinal Health (NYSE:CAH) Stock Price

Cardinal Health (NYSE:CAH – Get Free Report) had its price target upped by equities researchers at Wells Fargo & Company from ...

Wells Fargo Shares Are Up Today: What's Going On?

Wells Fargo Inc. (NYSE: WFC) shares are trading higher Tuesday after the Federal Reserve Board terminated two longstanding ...

KOB 41d

Wells Fargo to close branch in downtown Albuquerque tower

Wells Fargo is planning to close the branch located inside the iconic, greenlit-at-night tower in downtown Albuquerque.

Wells Fargo confirms termination of two Federal Reserve consent orders

Wells Fargo (WFC) confirmed that the Federal Reserve Board of Governors terminated two consent orders: a 2011 consent order regarding the ...

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Wells Fargo Initiates Coverage of CoStar Group (CSGP) with Underweight Recommendation

Fintel reports that on February 5, 2025, Wells Fargo initiated coverage of CoStar Group (NasdaqGS:CSGP) with a Underweight ...

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