NEW YORK, Feb 11 (Reuters) - A top Wells Fargo ( WFC )

executive said on Tuesday that the bank has five consent orders

remaining to resolve issues related to its lending and sales

practices, and he added the recent termination of three

regulatory punishments shows that the bank has been making

progress.

"We're committed and we're very confident in our ability to

close this out (consent orders)," Chief Financial Officer Mike

Santomassimo told the UBS financial services conference in

Miami. "We are working with the right sense of urgency around

it."

Earlier this month, the Federal Reserve said it had

terminated a pair of enforcement actions imposed on the bank in

2011. These enforcement actions were related to deficient

practices in mortgage servicing and foreclosures by the bank,

and mortgage lending at a former subsidiary.

In January, the Consumer Financial Protection Bureau closed

a 2022 order against the bank over its alleged mishandling of

auto loans and mortgages.

The Fed had imposed an unprecedented $1.95 trillion asset

cap on the lender in 2018, limiting its growth until its issues

are addressed.

Analysts have said the recent developments suggest the bank

is on the right path to get its asset cap removed in 2025.

The asset cap is seen as one of the toughest punishments

U.S. regulators can put in place, and its removal requires a

vote by the Fed's Board of Governors.

Santomassimo also said that there is still optimism that the

new Trump administration will be "pro-growth," echoing comments

made by peer banks, including Goldman Sachs CEO David Solomon

earlier on Tuesday.

He added that the bank expects the U.S. Federal Reserve's

stress testing, which impacts the regulatory capital that

lenders are required to maintain, to also change in the coming

months under the new administration.

Wells Fargo ( WFC ) also expects the Basel III Endgame

implementation to be more constructive now, he said.

"The industry still thinks we should try to finalize Basel

III, I think that puts some certainty around how we should

manage the balance sheet and it will be a good thing if we can

get that finalized."