What is the future of Wells Fargo?
Since Wells Fargo dismissed CEO John Stumpf over opening millions of new accounts fraudulently, the company is under increased pressure from legislators who want more accountability in the banking industry.
How did bank regulations fail to stop Wells Fargo from profiting from millions of fake accounts? James Koren, bank and finance journalist for the Los Angeles Times, explored the problems with bank regulations and looked at what a class action lawsuit could cost Well Fargo.
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