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Wells Fargo May Have Found More Fake Accounts Created by Employees

August 4, 2017 /

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Wells Fargo http://www.wellsfargo.com , already struggling to rebuild its reputation after a scandal over the creation of fraudulent bank accounts, signaled on Friday that it could have more bad news coming.

The bank said in a regulatory filing that its review of potentially unauthorized accounts could reveal a "significant increase" in the number of accounts involved, up from the 2.1 million that it previously estimated. Wells Fargo said it had expanded its investigation to add three years to its review period, which covered accounts opened from 2011 to mid-2015.

By STACY COWLEY

Full Story: https://mobile.nytimes.com/2017/08/04/business/dealbook/wells-fargo-fraud-accounts.html

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Senator Jon Tester Demands Wells Fargo CEO Appear Before His Banking Committee http://www.matr.net/article-78254.html

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