The company said the Federal Reserve Board has determined that it has met all conditions required to lift the limits on growth in total assets imposed under its 2018 consent order, as of June 3, 2025.

1. 01

   The company said the Federal Reserve Board has determined that it has met all conditions required to lift the limits on growth in total assets imposed under its 2018 consent order, as of June 3, 2025.

2. 02

   The company said the conditions for lifting the restriction included wide-ranging requirements to support board effectiveness and improve the company's firmwide compliance and operational risk programs. It also said the conditions included a third-party independent review of the work completed by the company, separate from the reviews the Federal Reserve conducted directly.

3. 03

   Wells Fargo said it will pay a special $2,000 award to all full-time employees. Most of the awards will be in the form of restricted stock grants, and the company said the awards may vary in some international locations and for some employee classifications.

4. 04

   The company said 215,000 employees contributed to this milestone and described itself as a financial services company with approximately $1.9 trillion in assets.

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Original filing

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