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Wells Fargo review finds 1.4 mn more suspect accounts

Latest findings bring the number of potentially unauthorised accounts at the bank to 3.5 mn

Stacy Cowley | NYT 

Nearly a year after Wells Fargo’s fraudulent account scandal burst into public view, the bank said it had turned up more than a million additional accounts that customers may not have authorised. The news set off a fresh wave of criticism from those frustrated by the bank’s slow pace in coming clean about its misdeeds. “Every time we get one of these announcements, the pressure rises,” said Nancy Bush, a banking industry analyst who runs NAB Research. “How many customers, and how many employees within Wells Fargo, are coming to the conclusion, ...

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First Published: Fri, September 01 2017. 14:30 IST