The Morning Risk Report: Wells Fargo Outage Raises Oversight Questions

The latest system outage at Wells Fargo & Co. is expected to raise more questions about the bank’s oversight of its technology.

Wells Fargo customers and employees experienced problems with their bank accounts late last week as a result of a systems failure, with some saying they had trouble accessing money from direct deposits. The trouble began Thursday when a shutdown at one of the bank's data centers left many customers unable to access their accounts online or on mobile applications.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte