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Wells Fargo Shows Megabanks Are Too Big to Trust

Wells Fargo Shows Megabanks Are Too Big to Trust By Lisa Gilbert and Michael Tanglis Don't hold your breath waiting for Wells Fargo to do the right thing. John Stumpf, Wells Fargo's recently retired CEO, admitted in a congressional hearing that he first learned about his own bank's problem with millions of fraudulent accounts in 2013. After three years of evasions and excuses, this week he resigned.
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