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Wells Fargo's Asset Cap Lifted: A New Era for Growth and Recovery

Wells Fargo's Asset Cap Lifted: A New Era for Growth and Recovery

BUSINESS - 6/4/2025

Wells Fargo's recent victory in lifting the asset cap imposed by the Fed signals a turnaround for the bank, allowing for expansion in key areas. CEO Charlie Scharf celebrates this pivotal milestone as shares rise 2.7% in after-hours trading.

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