"The bank still has work to do," one analyst said. Wells Fargo & Co. found itself once again in the regulatory crosshairs last week when the Office of the Comptroller of the Currency said Sept. 12 it reached a formal agreement with the bank over ...

Wells Fargo's latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment that has limited growth at the bank, analysts said.

Jefferies analyst Ken Usdin said he has “no clear view” on when Wells Fargo’s current government-imposed asset cap would be lifted.

The latest regulatory action did not come with a monetary fine, but it underscored that Wells Fargo has a lot more work to do to right the ship.