Wells Fargo just got a green light from the Fed to grow. Here’s what it means for its business and its stock.

Fed removes order limiting value of assets Wells Fargo can hold

Published: June 3, 2025 at 5:48 p.m. ET

Wells Fargo & Co. on Tuesday 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.

The U.S. Federal Reserve said Tuesday it had lifted the bank’s asset cap, one of the last orders still in place from the scandal. The bank confirmed it, calling it a “milestone.”