Wells Fargo Fined in Ireland Over Regulatory Reporting -Reuters
July 05 2019 - 05:08PM
Dow Jones News
By Josh Beckerman
--The Central Bank of Ireland fined a Wells Fargo & Co.
(WFC) unit 5.9 million euros ($6.6 million), citing problems with
its regulatory reporting, Reuters reported Friday.
--The central bank said Wells Fargo had "failings in relation to
both capital reporting and liquidity testing," Reuters
reported.
--A spokesperson for Wells Fargo told Reuters that the bank has
improved its systems and processes.
https://www.reuters.com/article/us-wells-fargo-ireland-fine/wells-fargo-fined-in-ireland-over-reporting-breaches-idUSKCN1U00Y8
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 05, 2019 16:53 ET (20:53 GMT)
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