WASHINGTON, March 5 (Reuters) – The U.S. ‌Federal Reserve announced ‌Thursday that it had ​terminated the enforcement action it imposed on Wells Fargo ‌following ⁠the bank’s widespread fake accounts ⁠scandal, saying the bank had ​sufficiently overhauled ​its ​operations.

The central ‌bank said it was lifting the action after nearly a decade of ‌remediation work ​by the ​bank. ​The 2018 ‌action included the ​unprecedented ​asset cap on the bank’s ​growth, ‌which was lifted ​in 2025.

(Reporting by ​Pete Schroeder)