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September 13, 2016

Wells Fargo CEO says bad employees were behind scandal over unsolicited accounts

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http://news.morningstar.com/all/market-watch/TDJNMW20160913341/wells-fargo-ceo-says-bad-employees-were-behind-scandal-over-unsolicited-accounts.aspx By Emily Glazer CEO John Stumpf says: ‘ There was no incentive to do bad things’  John Stumpf, chief executive of Wells Fargo & Co., began to speak publicly Tuesday for the first time since the bank was slapped with a $185 million fine last week over its sales practices, defending the firm and …

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It's Magic! Wells Fargo creates New Accounts, Customers and Mortgage Instruments!

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By the Lending Lies Team It is now obvious that the major banks have gone rogue. The latest Wall Street scandal shows that 5,800 Wells Fargo employees engaged in identity theft by knowingly setting up ghost accounts not only to bolster their sales commissions but to improve Wells Fargo’s bottom line. Where is the outrage? …

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