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We just got the first look at how Wells Fargo's fake-accounts scandal is hurting the business

Wells Fargo reported quarterly revenue and earnings that beat analyst's expectations Friday, but details from its results seem to show the bank's recent fake-accounts scandal is starting to hit home. Growth in the overall number of retail accounts on its books slowed considerably in September, a presentation accompanying earnings shows. That slowdown came once a $185 million settlement between Wells Fargo and regulators was announced, and now former CEO John Stumpf was dragged in front of the US Congress to explain the matter.
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