Wells Fargo’s Earnings May Change With Potential $1B Penalty
PYMNTS
APRIL 13, 2018
As regulators seek to impose a $1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday (April 13) that its first-quarter earnings are subject to change, The Financial Times reported. That increase in fake accounts was due to the bank’s use of a third party to analyze the scope of the scandal.
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