San Francisco-based Wells Fargo, one of the nation’s largest banks, received welcome news on Tuesday when the Federal Reserve lifted restrictions on the company’s asset growth. The restrictions were part of an enforcement action tied to Wells Fargo’s creation of millions of unauthorized bank accounts.

In a statement, the Fed’s board of governors said they’ve finished their review of the bank’s “remediation efforts and required third-party assessments” stemming from a 2018 enforcement action that froze Wells Fargo’s asset size at roughly $2 trillion.

The central bank also completed an internal assessment of Wells Fargo’s “corporate governance and firmwide risk details ⇒

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