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Reuters

Reuters

US OCC issues enforcement action against Wells Fargo

Reuters
Summary
Nutrition label

81% Informative

The Office of the Comptroller of the Currency issued an enforcement action against Wells Fargo .

Regulator said it had identified deficiencies relating to the bank's financial crimes risk management practices and anti-money laundering internal controls.

Shares of the bank fell 5% in afternoon trading.

The regulator, however, is not seeking any monetary penalty.

VR Score

91

Informative language

97

Neutral language

56

Article tone

formal

Language

English

Language complexity

71

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links