The World Bank has issued a warning that 108 countries may be at risk of falling into a 'middle-income trap,' which could hinder their economic growth and development. This cautionary note was echoed in various reports, emphasizing the potential stagnation these nations could face if they do not transition to high-income status. In a separate development, Wells Fargo is currently under government investigation concerning its anti-money laundering and sanctions compliance programs. The bank disclosed this information in a recent filing, highlighting ongoing scrutiny from authorities. Additionally, Wells Fargo is in resolution discussions with the SEC regarding an investigation into its advisory account cash sweep practices.