The retail banking industry is undergoing another major shift, and the future looks high-tech, sophisticated, and, for big banks, very urban. So what has changed? Photo: Shaumbé Wright/The Wall Street JournalWells Fargo & Co. received a rare rebuke from a top regulator on Tuesday, minutes after its chief executive finished testifying before a combative House panel. “We continue to be disappointed with [Wells Fargo’s] performance under our consent orders and its inability to execute effective corporate governance and a successful risk management program,” a spokesman for the Office of the Comptroller of the Currency said in a written statement. “We expect National Banks to treat their customers fairly, operate in a safe and...

Source: Wall Street Journal March 12, 2019 16:30 UTC