WFC · News · 20261020N
Regulatory Asset Cap Removal
WELLS FARGO & COMPANY/MN · 2026-10-20 · Importance 71 · Surprise 60 · In source text
The Federal Reserve lifted Wells Fargo’s $1.95 trillion asset cap, which had constrained the bank since 2018. Chief Executive Charlie Scharf said Wells Fargo is now in growth mode and identified Arizona as a key expansion market. The bank reported increases in Arizona deposits, loans, credit-card accounts, auto-loan originations, and commercial lending. Wells Fargo plans to deepen Arizona customer relationships through community engagement and strategic investments.
Key facts
- The U.S. Federal Reserve lifted a $1.95 trillion asset cap that had been imposed on Wells Fargo since 2018. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | — | The U.S. Federal Reserve lifted a $1.95 trillion asset cap that had been imposed on Wells Fargo since 2018. |