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The pathogens of Wells Fargo's corruption fester in every large corporation

Despite the denials of its new CEO, Wells Fargo had a serious, widespread cultural problem that led it to commit at least 2,000,000 financial crimes. But the crimes and the culture are widespread across America's banks, and they spread further than that, because the system is rigged to reward financial crime. (more…)
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Wells Fargo beats on earnings despite accounts scandal (WFC)

Business & Finance : Business Insider: Money Game

Wells Fargo beat on its first earnings since being rocked by its fraudulent-accounts scandal. The bank on Friday reported revenue of $22.3 billion and earnings per share of $1.03. Analysts expected the bank to report earnings per sh...

The Wells Fargo scandal is far from over

Business & Finance : Business Insider: Money Game

Wells Fargo CEO John Stumpf on Wednesday retired in the face of a massive scandal that has dragged the bank down for over a month. Stumpf stepped down after the news that employees of the bank opened 2 million accounts in the name o...

Breakingviews: Wells Fargo’s Problems Go Beyond Sham Accounts Scandal

Business & Finance : DealBook

The bank has avoided large penalties for creating unauthorized products, but its competitors are leaping ahead in investment banking and trading.

Wells Fargo needs to change more than just its CEO

Issues & Causes / Environmentalism : Greenspace

Wells Fargo has long been known within the banking industry for its high-pressure sales culture. Over the course of four years, that pressure led Wells workers to create 2 million credit-card and bank accounts for customers without ...

Wells Fargo's new CEO previously denied that the bank's sales culture had any problems

Humor / odd : Boing Boing

Yesterday, Wells Fargo CEO John Stumpf announced his "early retirement" from the scandal-haunted company, with the CEO seat being filled by former COO Tim Sloan. (more…)


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