Wells Fargo & Co. cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.

On June 3, the Federal Reserve determined that Wells Fargo had met all the conditions required to lift the asset cap, the bank's biggest penalty stemming from the 2016 scandal.

During Wells Fargo ’s first earnings call since its $2 trillion asset cap was lifted, bank officials provided more details Tuesday about how they will grow and also improve company culture.

Charlotte Observer reporter Kitty Muccigrosso talks about how the Federal Reserve lifted Wells Fargo’s nearly $2 trillion asset cap. White House responds to California city terminating contract ...

Wells Fargo WFC 1.07% said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by the Federal Reserve. Net income was up 12% at $5.49 billion ...

Wells Fargo has more flexibility, and its bankers can go about their business in a more "front-footed" fashion, now the Federal Reserve has lifted the asset cap that long constrained the $1.9 trillion ...

Wells Fargo & Co. crossed the $1.95 trillion asset mark, with total assets at $1.98 trillion at the end of the second quarter, after the Federal Reserve lifted its asset cap.

Wells Fargo said its profit rose in the second quarter but dimmed its outlook for the year. Net income was up 12% at $5.49 billion. That amounted to $1.60 a share, above analyst estimates of $1.41 ...

Wells Fargo Investment Institute on Wednesday became the latest Wall Street research house to lift its year-end target for the S&P 500 index, citing tariff delays and strong corporate earnings.

On June 3, the Federal Reserve determined that Wells Fargo had met all the conditions required to lift the asset cap, the bank’s biggest penalty stemming from the 2016 scandal.