Wells Fargo investors on the edge

In a mess: A security guard walks outside a branch of the Wells Fargo bank in West Hollywood, California. The bank has been slapped with another fine of US$37mil. — AFP

NEW YORK: For the second time in a month, Wells Fargo & Co’s jittery shareholders sold its stock over regulatory and legal troubles after the Department of Justice slapped the firm with a US$37mil (RM155mil) fine on Monday.

This time, at least, the penalty signalled some progress on the bank’s cleanup.