NEW YORK - Wells Fargo & Company (NYSE: NYSE:WFC) announced today that the Federal Reserve Board has lifted two longstanding consent orders against the bank. These regulatory orders, dating back to ...
Wells Fargo (WFC), which has been working for years to resolve a string of regulatory issues, confirmed on Tuesday that the Federal Reserve terminated two longstanding 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.
The closures have no impact on the Fed's 2018 consent order that required the bank to overhaul its governance and risk management processes and imposed a $2 trillion asset cap on the bank. Wells Fargo ...
The end game for Wells Fargo with terminating the remaining consent orders is having the Federal Reserve remove the $1.9 trillion asset cap placed on the bank in February 2018. The Fed’s order ...