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NEWS: US regulators push Wells Fargo to improve financial crime monitoring

FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo

By Niket Nishant

US regulators are pushing Wells Fargo to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported on Thursday, citing people with knowledge of the matter.

Regulators were focused on the bank’s consumer-watching systems broadly, not any specific client or event, the report said.

Wells Fargo declined to respond to Reuters request for comment.

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