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RESEARCH DRAFT

Research draft. Conclusions may change; review the sources and limitations before relying on them.

RESEARCH DRAFT · NOT A VERIFIED CONCLUSION

Wells Fargo's asset cap ended before the rest of its 2018 enforcement action.

Two Federal Reserve announcements show why a growth restriction ending is not the same event as an entire order ending.

research_draftUpdated 2026-09-100 recorded actions
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2Recorded evidence rows
0Investigation actions
3Review limitations
0Recorded answers

What this page shows

On June 3, 2025, the Federal Reserve removed Wells Fargo's asset cap while expressly retaining other provisions of its 2018 enforcement action. The Board's weekly actions report later recorded termination of that enforcement action, announced March 5, 2026. The interval shows why a single 'regulatory recovery' date can mislead. Capacity to grow and completion of the remaining order were separate milestones. The later termination is important counterevidence against treating the June 2025 restrictions as still outstanding today.

Recorded evidence

Federal Reserve
Removal of Wells Fargo asset growth restriction2025-06-03
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Federal Reserve
Board actions: termination of 2018 enforcement action2026-03-05 announced
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Limitations & review notes

  • Research draft. Conclusions may change; review the sources and limitations before relying on them.
  • Research draft: not independently verified and not actively monitored. This is a dated research lead, not a verified conclusion.
  • This concerns the specified 2018 Federal Reserve action, not every Wells Fargo enforcement matter. The dates are announcement dates, not a reconstruction of every operational milestone.

Questions this connection opens

  1. How did asset growth and remediation spending change between removal of the cap and termination of the remaining order?
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