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How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud

The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.
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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...

Wells Fargo CEO steps down in wake of fake account scandal

Business & Finance : Mashable: Business

The CEO of Wells Fargo will reportedly step down as CEO and chairman of the board of the major U.S. bank, a move that comes in the wake of a major scandal over the creation of fake accounts on behalf of thousands of customers. SEE A...

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 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...

Wells Fargo Fires 5,300 For Engaging In Massive Fraud, Creating Over 2 Million Fake Accounts

Business & Finance : Zero Hedge

For years we have wondered why Wells Fargo, America's largest mortgage lender, is also Warren Buffett's favorite bank. Now we know why. On Thursday, Wells Fargo was fined $185 million, (including a $100 million penalty from the Cons...


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