After the fed lifted an asset cap from Wells Fargo, CEO Charlie Scharf announced all full-time employees will get a $2,000 award

Federal regulators on Tuesday lifted Wells Fargo's $1.95 trillion asset cap punishment that had prevented the bank from growing for the past seven years. The Federal Reserve determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction,

Federal regulators moved to lift their punishment against Wells Fargo, which prevented its growth following the bank’s fake accounts scandal in 2018. The Federal Reserve Board of Governors voted Monday to remove an unprecedented restriction that had capped the bank’s assets at approximately $1.