Wells Fargo & Company WFC entered into a definitive agreement to divest its rail equipment leasing business to a newly formed ...

After seven years under a restrictive asset cap imposed by the US Federal Reserve, Wells Fargo has finally received approval ...

The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth prospects or aren't core to its business.

The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

The Fed’s restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank ...

Wells Fargo was slapped with several federal agency consent orders, including the 2018 Fed effectiveness and risk management ...

Consumer loan growth in the U.S. may remain sluggish—or even decline—in the coming months, warned Wells Fargo Chief Financial ...

The Federal Reserve lifted Wells Fargo's (WFC) $1.95 trillion asset cap this week.  Chris Whalen, chairman of Whalen Global ...

USA: Wells Fargo & Co has entered into a definitive agreement to sell the assets of its rolling stock leasing business to a ...

Wells Fargo expects the US markets to have a washout in 2025 while reaching new heights in 2026. The firm said the tariffs ...

Wells Fargo said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture between railcar lessor GATX Corporation and Brookfield Infrastructure .