- The Federal Reserve cracks down on Wells Fargo over scandal involving sham accounts https://www.washingtonpost.com/news/business/wp/2018/02/02/federal-reserve-orders-wells-fargo-to-halt-growth-oust-four-board-members-after/ 10 comments politics
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- Federal Reserve Board - Responding to widespread consumer abuses and compliance breakdowns by Wells Fargo, Federal Reserve restricts Wells' growth until firm improves governance and controls. Concurrent with Fed action, Wells to replace three directors by April, one by year end https://www.federalreserve.gov/newsevents/pressreleases/enforcement20180202a.htm 14 comments
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