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Bank regulators reportedly are investigating a failed tech update at Dallas-based Comerica that resulted in errors on transactions for its trust clients. The Office of the Comptroller of the Currency is probing the bank's upgrade to a new wealth management platform.
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"Mora said that the bank hired outside experts to make sure the the updated platform is running correctly and to monitor all transactions on the system. He added that the bank is always happy to cooperate with regulators."
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