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What will be the outcome of Wells Fargo's asset cap review in 2025?
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Resolution / Starting Odds
Asset cap lifted • 33%
Asset cap remains • 33%
Decision postponed • 34%
Official announcement from the Federal Reserve or Wells Fargo's press release
Story
Wells Fargo Asset Cap Likely to Be Lifted by H1 2025 Amid Fed Review
Nov 26, 2024, 11:32 AM
Wells Fargo is reportedly in the final stages of a regulatory process to have its asset cap lifted, potentially as soon as the first half of 2025 (H1 2025). Sources indicate that the Federal Reserve may approve the removal of the cap next year, but the decision could be delayed if the Fed identifies concerns with the bank's progress or compliance. The asset cap, imposed in 2018 following a series of scandals, has restricted Wells Fargo's ability to grow its balance sheet. The lifting of the cap would mark a significant milestone for the bank, allowing it to expand its operations further.
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Settlement • 25%
Fine • 25%
No action • 25%
Other • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
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Negative impact • 25%
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Wells Fargo outperforms all major banks • 25%
Wells Fargo outperforms some major banks • 25%
Wells Fargo underperforms some major banks • 25%
Wells Fargo underperforms all major banks • 25%
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