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Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

Washington Post03-06-2025
NEW YORK — The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture.
It's a win for Wells Fargo, which has spent nearly a decade trying to convince the public and policymakers that it had changed its ways.
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