Previous Close | 16.90 |
Open | 17.10 |
Bid | 12.65 |
Ask | 17.00 |
Strike | 40.00 |
Expire Date | 2026-12-18 |
Day's Range | 16.72 - 17.10 |
Contract Range | N/A |
Volume | |
Open Interest | 65 |
Wells Fargo (WFC) shares fell after the bank entered an agreement with the Office of the Comptroller of the Currency (OCC) to address what the agency calls "deficiencies relating to the bank’s financial crimes risk management practices and anti-money laundering internal controls." In the video above, Market Domination anchors Julie Hyman and Josh Lipton discuss the action. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
(Bloomberg) -- Shares of Wells Fargo & Co. fell after the bank reached a deal with the Office of the Comptroller of the Currency requiring the lender to beef up systems for detecting money laundering and complying with international sanctions.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C Man
A top U.S. banking regulator has found "deficiencies" in Wells Fargo's anti-money laundering (AML) controls and financial crimes risk management practices, it said on Thursday in an enforcement action order it issued against the bank. Wells Fargo has begun to take corrective action and committed to remedy the issues, the Office of the Comptroller of the Currency (OCC) said in a statement. Under the terms of the OCC's agreement with Wells Fargo, the bank cannot expand into certain high-risk areas without permission from the regulator.