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Wells Fargo Isn’t Out of the Woods

Peter Barnes
Wells Fargo Isn’t Out of the Woods

Wells Fargo (WFC) discovered that employees in its wholesale unit altered information related to customers’ records without the company’s knowledge. As a result, there are renewed concerns about the bank’s internal control systems. Wells Fargo (VFH) (XLF) reported the activities to the Office of the Comptroller of the Currency.