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Wells Fargo Doesn't Want You To Know Its Scandal Isn't Hurting Profits

(Reuters) - Wells Fargo & Co’s chief financial officer said efforts by states to penalize its business over an unauthorized-accounts scandal would not affect third-quarter earnings “much”, the Wall Street Journal reported, citing a recording of an internal call. John Shrewsberry was recorded as saying the bank would only take “some legal set-asides” but publicizing this “might incentivize people to do more, to make it tougher on Wells Fargo.
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