Wells Fargo's Predatory Practices Are More Than Petty Frauds
In the wake of the financial crisis of 2008, would-be reformers of Wall Street have largely focused on the problems with letting big financial institutions mix commercial banking with investment banking. But the most recent banking scandal -- the revelation that Wells Fargo employees created millions of fake accounts for their customers in order to meet their sales targets -- is a reminder that big banks have an enormous drive to misbehave, even within the strict realm of traditional banking activities. Read more.
Post a Comment