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Wells Fargo Faces Tough Times due to Litigation and Probes

Andrew Brunton
Wells Fargo Faces Tough Times due to Litigation and Probes

In the last few weeks, Wells Fargo & Company (WFC) has made several headlines, but unfortunately, most have been for the wrong reasons. The Wall Street Journal reported last week that the US Department of Justice was investigating potential employee fraud in the company’s Wholesale Banking division. Prior to this, the company was reportedly investigating complaints about gender bias in its Wealth Management division.