Consequently, Wells Fargo altered its strategy to concentrate on businesses that yield higher returns and are less capital-intensive, such as investment banking and advisory services.

Wells Fargo was once among the largest buyers of highest-rated CLO bonds, alongside other banks including JPMorgan Chase & Co. and Bank of America Corp.

Wells Fargo’s equity research team believes markets may have reached a long-term bottom earlier this month, citing reduced investor panic and improving sentiment around tariff negotiations ...

Wells Fargo Freed From Asset Cap Imposed After Fake-Accounts Scandal© Timothy Mulcare for WSJ Wells Fargo executives now will have the freedom to focus on broader operations and strategy ...

The Federal Reserve has removed Wells Fargo’s asset growth cap, ending seven years of sanctions tied to consumer abuses and risk management failures.

Wells Fargo & Co. has cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.

Wells Fargo Is Allowed to Grow Again After 7 Years Under Asset-Cap Penalty Fourth-largest U.S. bank can gather deposits, increase loans and expand its Wall Street businesses By Gina Heeb Share ...

Wells Fargo & Co. is ramping up buying top-rated collateralized loan obligations, after largely staying away from the $1.3 trillion market following interest rate hikes in 2022, according to ...

In response, Wells Fargo shifted its strategy to focus on higher-return and less capital-intensive businesses, including investment banking and advisory services.

Wells Fargo has accelerated the strategy this year, opening five branches including Division Street, West Loop, Glencoe, Wacker Drive and Lincoln Park.

Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional.

Wells Fargo’s equity research team believes markets may have reached a long-term bottom earlier this month, citing reduced investor panic and improving sentiment around tariff negotiations ...