US Fed lifts final enforcement action against Wells Fargo for fake accounts scandal
By Neil Roland ( March 5, 2026, 20:10 GMT | Insight) -- The final US Federal Reserve enforcement action against Wells Fargo was lifted after eight years following the San Francisco-based bank's widespread fake accounts scandal. The third-largest US bank by assets “met all required conditions,” the Fed said. The enforcement action required the bank to demonstrate the effectiveness of improvements to its governance and risk management program, and complete two third-party reviews of these enhancements.The final US Federal Reserve enforcement action against Wells Fargo was lifted after eight years following the San Francisco-based bank's widespread fake accounts scandal....
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