PYMNTS-MonitorEdge-May-2024

asset cap

Wells Fargo Says Lift Asset Cap To Helps SMBs
Wells Fargo Says Lift Asset Cap To Helps SMBs
April 06, 2020  |  Loans

Wells Fargo said it wants to help more with the federal government’s programs to disburse $350 billion in loans via the Paycheck Protection Program (PPP). But...

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Wells Fargo Credit Card Purchases Grow 5 Pct In Q4
Wells Fargo Credit Card Purchases Grow 5 Pct In Q4
January 15, 2019  |  Earnings

A U.S. Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s CEO Tim Sloan...

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Federal Reserve Rejects Wells Fargo’s Reform Plan
Federal Reserve Rejects Wells Fargo’s Reform Plan
December 07, 2018  |  Bank Regulation

The Federal Reserve sent Wells Fargo & Co. back to the drawing table with its plan to prevent consumer abuses in the future obligation of...

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Wells Fargo CEO Downplays Regulation Woes To Investors
Wells Fargo CEO Downplays Regulation Woes To Investors
February 14, 2018  |  Regulation

Wells Fargo & Co.’s Chief Executive Tim Sloan said at an investor conference Tuesday (Feb. 13) that the asset cap imposed on it by the...

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