Wells Fargo & Co.'s (WFC) longstanding battle to escape a Federal Reserve restriction imposed on its assets since 2018 entered a new phase. The bank submitted a third-party review of its risk and control overhauls to the Fed for scrutiny and approval, per a Bloomberg report, citing people familiar with the matter.Following the news, WFC’s shares rose 5.2% in yesterday’s trading session.The latest submission follows an extensive and time-consuming procedure during which Wells Fargo had to present a plan, hav ...