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0.000423146091188049 0.001269438273564 0.00179625515709308 0.00137522479636105 0.00243309002433094 0.00495080926689943 0.00592404527663178 0.00645297789061673
Stock impact report

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics [Reuters]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Reuters
U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics WASHINGTON (Reuters) - Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo ( WFC.N ), culminating on Thursday in more than$58 million in fines against eight former executives at the bank. Consumer groups had worried that the Trump administration’s pick to lead the Office of the Comptroller of the Currency (OCC), Joseph Otting, would do little to change its reputation for leniency. A former chief executive of California’s OneWest Bank, Otting as comptroller has referred to lenders as his “customers” and pursued rule changes pushed for by bank lobbyists. But when it comes to Wells Fargo’s sales practices, Otting has consistently been a harsh critic, driving penalties against the bank which have broken new ground. One person with knowledge of the matter said Wells Fargo’s failure to swiftly fix systemic misconduct has angered Otting Show less Read more
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