07:36 AM EST, 11/26/2024 (MT Newswires) -- Wells Fargo ( WFC ) is in the final stages of passing regulatory hurdles in order to lift a $1.95 trillion asset cap next year, Reuters reported Tuesday, citing three sources familiar with the situation.

The cap could be removed as early as the first half of 2025, one of the sources reportedly told Reuters.

Wells Fargo ( WFC ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)