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Fed terminates enforcement action imposed on Wells Fargo due to fake accounts scandal

By Reuters March 05, 2026 Bullish
Fed terminates enforcement action imposed on Wells Fargo due to fake accounts scandal
The U.S. Federal ​Reserve announced Thursday ‌that it had terminated the enforcement ​action it ​imposed on Wells Fargo ⁠following the ​bank's widespread fake ​accounts scandal, saying the bank had sufficiently ​overhauled its ​operations.
The U.S. Federal ​Reserve announced Thursday ‌that it had terminated the enforcement ​action it ​imposed on Wells Fargo ⁠following the ​bank's widespread fake ​accounts scandal, saying the bank had sufficiently ​overhauled its ​operations.