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Wells Fargo uncovers more fake accounts in drawn-out scandal

The scandal over phony accounts first erupted last September


Wells Fargo & Co hiked the tally of accounts that were potentially opened without customers' knowledge by over a million on Thursday after an expanded review of improper sales practices. The revelation is the latest chapter in a year-long scandal at the San Francisco bank and puts it back in the crosshairs of lawmakers as they prepare to return to Congress next week. Democratic US Senator Elizabeth Warren, a leading voice on consumer finance issues, tweeted "Unbelievable" after Wells Fargo said it had found an additional 1.4 million accounts were potentially opened ...

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First Published: Thu, August 31 2017. 23:31 IST