Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits

Wells Fargo faced a scandal in 2016 where employees opened millions of fake accounts. Despite paying hefty fines and dealing with consent orders, the bank still operates under a Federal Reserve asset cap. With a new CEO and strategic changes, the bank aims to regain its reputation and lift the cap.