Wells Fargo posts higher profits after Fed scraps asset cap

In June 2025, the Fed finally lifted a $1.95 trillion asset cap imposed in 2018 after the Wells Fargo fake accounts scandal, where employees opened millions of unauthorized accounts to hit sales targets.

  News   Jan 14, 2026   0   19  Add to Reading List
Wells Fargo posts higher profits after Fed scraps asset cap
In June 2025, the Fed finally lifted a $1.95 trillion asset cap imposed in 2018 after the Wells Fargo fake accounts scandal, where employees opened millions of unauthorized accounts to hit sales targets.
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