Wells Fargo faces U.S. regulatory scrutiny after SVB fallout, NY Post says

Wells Fargo (WFC) is facing U.S. regulatory scrutiny following the meltdowns of Silicon Valley Bank (SIVB) and Signature Bank (SBNY), the New York Post’s Lydia Moynihan reports. On Friday, Wells Fargo representatives are set to meet with officials from the U.S. Office of the Comptroller of the Currency, the author says, citing a federal official. The matters requiring attention surrounding the big bank are specifically centered on concerns of lackluster internal financial controls and a lack of oversight of stock and bond traders, the author notes. Reference Link