Wells Fargo drops as US seeks fixes to money-laundering controls
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Wells Fargo & Co shares fell after a deal with the Office of the Comptroller of the Currency (OCC) on September 13, 2024, requiring the bank to improve money laundering detection and compliance with international sanctions; the stock dropped as much as 6.5% before recovering to a 4.3% decline by 2:16 PM in New York; the OCC's agreement does not impose a monetary penalty; Wells Fargo stated it is addressing the required corrective actions with urgency.

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