Finance

Wells Fargo Executives Plot Life After $36 Billion Punishment

A Wells Fargo bank branch in New York.

Photographer: Michael Nagle/Bloomberg
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The buzz is building inside Wells Fargo & Co.: The bank — once the envy of the industry — could finally be allowed to grow again.

Seven years into a US cap on assets, executives are awaiting a verdict on whether they’ve done enough to appease the Federal Reserve to get the restriction lifted. By one measure, it has cost the lender more than $36 billion in profits, easily making it one of the harshest corporate sanctions in a generation.