Federal regulators have lifted restrictions against the size of Wells Fargo's  (WFC) - Get Wells Fargo & Company Report assets after the bank made the necessary changes to its "living will."

The "living will," also known as the "resolution plan," is a requirement that all big banks have a plan for dissolution, should that be a necessity, that does not involve a tax-payer funded bailout. 

The Federal Reserve and Federal Deposit Insurance Corp. placed sanctions on Wells Fargo in December after determining that its "living will" was not satisfactory. 

TheStreet Recommends