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Fourth-Largest Bank in America Unshackled After ‘Widespread Consumer Abuses’ Debacle

Federal regulators have let Wells Fargo off the leash that the bank had been on for seven years after it became embroiled in a scandal over fake customer accounts. The Federal Reserve Board of Governors on Tuesday ended a restriction that capped the bank’s assets at about $2 trillion, according...

Federal regulators have let Wells Fargo off the leash that the bank had been on for seven years after it became embroiled in a scandal over fake customer accounts. The Federal Reserve Board of Governors on Tuesday ended a restriction that capped the bank’s assets at about $2 trillion, according…

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