Sep
03
Wells Fargo Review Finds 1.4 Million More Suspect Accounts
ByNearly a year after Wells Fargo’s fraudulent account scandal burst into public view, the bank said it had turned up more than a million additional accounts that customers may not have authorized.
The news set off a fresh wave of criticism from those frustrated by the bank’s slow pace in coming clean about its misdeeds.
“Every time we get one of these announcements, the pressure rises,” said Nancy Bush, a banking industry analyst who runs NAB Research. “How many customers, and how many employees within Wells Fargo, are coming to the conclusion, ‘I don’t need to be associated with this’?”…
Wells Fargo Review Finds 1.4 Million More Suspect Accounts
