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Breakingviews: Wells Fargo’s Heir Apparent Has Ties to Scandal

It is not clear why an executive so closely linked to the scandal involving fake bank and credit card accounts should lead the company.
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3 Lessons From the Wells Fargo Fake Account Scandal

Industries / Law : FindLaw's Writ - Legal Commentary

Wells Fargo agreed to pay $185 million in fines yesterday, after years of opening more than two million fake bank accounts and credit cards in the names of the bank's real customers. The scandal is particularly notable given how wid...

Wells Fargo CEO to forfeit $45 million in pay over fake-accounts scandal

Business & Finance : LA Times: Business

Embattled Wells Fargo & Co. Chief Executive John Stumpf will forfeit compensation worth about $45 million, part of the company’s response to the still-unfolding scandal over millions of fake accounts created by bank employees. Stump...

This Week In Credit Card News: Shameful Account Fraud at Wells Fargo; Consumers Dislike Chip Cards

Business & Finance : Forbes: Business

Wells Fargo Fined $185 Million For Fraudulently Opening Accounts For years, Wells Fargo employees secretly issued credit cards without a customer’s consent. They created fake email accounts to sign up customers for online banking se...

This Week In Credit Card News: Wells Fargo Scandal Widens; Chip Card Problems Persist One Year Later

Business & Finance : Forbes: Business

Wells Fargo Account Scandal Extends to Small Business Wells Fargo's account scandal is not limited to its consumer banking sector, U.S. Senator David Vitter told the bank's chief executive in a letter. Thousands of small business ow...

Wells Fargo's Polar Opposite

Business & Finance : Forbes: Business

Wells Fargo continues to wrestle with its recent scandal, in which some 5,000 employees were shown to have opened fake accounts. New CEO Tim Sloan said last Friday that he wants to “earn back” the bank’s reputation. Good luck to him...

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