Tag Archives: Bank Fraud

Wells Fargo: Do Lawsuits, Fines and Loss Deposits Really Hurt?

Dr. John Warren

Intergovernmental Affairs Contributing Writer

The fake accounts set up in the name of over 3 million bank customers since 2002, and the lowering of the Wells Fargo Bank rating with the Office of the Comptroller of the Currency in the U.S. Treasury Department from “satisfactory” to “needs improvement”, has had significant consequences resulting in the loss of billions of dollars in