
What’s Behind OCC’s Public Rebuke of Wells Fargo?
American Banker, Mar. 15, 2019–Kate Berry (subscription)
Traditionally, the federal banking agencies are extremely cautious to even name specific banks, concerned the attention could lead to deposit outflows or other fallout. But the regulators – most notably the Office of the Comptroller of the Currency–appear to be taking a different tack with Wells, feeding statements to the press that do little to hide their frustration with the megabank.