Federal Reserve Board announces termination of enforcement action

SandwichTrader · 2026-03-05T16:15:35+00:00

The Federal Reserve terminated its 2018 enforcement action against Wells Fargo, confirming the bank met all conditions related to governance and risk management improvements after nearly a decade of remediation efforts.

SandwichTrader

2026-03-05 16:15:35

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The Federal Reserve Board on Thursday announced the termination of its 2018 enforcement action against Wells Fargo, following its determination that the bank had met all required conditions.

Under the 2018 enforcement action, the bank was required to demonstrate that improvements to its governance and risk management program made the program effective, and completed two third-party reviews of these improvements. This remediation work spanned nearly a decade. The original enforcement action also imposed an asset cap which was removed in 2025 when the firm satisfied the conditions for removal.

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