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Wells Fargo lifts Federal Reserve enforcement actions after fake account scandal
Investing.com – The U.S. Federal Reserve announced on Thursday that it has ended its enforcement action against Wells Fargo (NYSE: WFC), stating that the bank has sufficiently reformed its business operations following the large-scale fake account scandal.
The Fed said that after nearly a decade of corrective work, it has decided to lift the enforcement action. The 2018 enforcement included an unprecedented asset cap on the bank’s growth, which was lifted in 2025.
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