Weighing a Regulatory Risk during Wells Fargo

Wells Fargo was seen for years as a “good bank,” compared with other large U.S. banks. Its concentration on strong, simple businesses such as providing mortgages, lending to companies, and assisting people bank and buy cars, appealed to investors even if a numbers during times seemed murky. (See “How Wells Fargo Dresses Up Its Earnings,” Jul 30, 2016.)

The native veneer was nude divided in Sep 2016, when a bank certified that a employees had combined millions of unapproved accounts and credit label applications (eventually totaling…

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