Wells Fargo, America's largest bank, has spent years rebuilding itself after being scarred by scandals, including the creation of fake customer accounts. The Federal Reserve imposed a $1.95 trillion cap on its total assets in 2018, limiting its growth capabilities and forcing the bank to focus on enhancing its internal controls while prioritizing efficiency. After enduring these restrictions from 2018 to 2025, Wells Fargo's asset cap was lifted, marking a significant transition for the bank and paving the way for renewed competitiveness in the financial sector.
In June 2025, that cap was finally lifted. After more than seven years, the bank is no longer under the growth restrictions that defined its post-scandal trajectory.
This reinvention wasn't voluntary. Back in 2018, the Federal Reserve imposed a strict limit on Wells Fargo's total assets, capping them at $1.95 trillion.
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