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.

The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset cap remained in place.

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.