Wells Fargo under further investigation after fraud
By: Soondos Mulla-Ossman ~Staff Writer~ Wells Fargo, one of the biggest US banking industries has recently come under fire after it was found guilty of fraud charges. Analysts claim that Wells Fargo has started leading banks down the path of massive labor market destruction. Over 5,300 employees have already been fired from Wells Fargo for creating 2 million fake credit card accounts without customer permission. After settling allegations, the bank was forced to redistribute more than $185 million to federal and state regulators. The scandal has caused an industry-wide fear of investigations in other banks and a clampdown on employee … Continue reading Wells Fargo under further investigation after fraud
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