Wells Fargo was hit with a $3 billion fine Friday by federal authorities. CNN reports the fine comes after outrage over the millions of fake accounts created at the troubled bank over many years. Wells Fargo is one of America's largest and most powerful banks. The settlement with the Justice...
Wells Fargo reached a settlement Friday for a massive fake account scandal, in which it admitted to guilt and agreed to pay $3 billion to the Justice Department and Securities and Exchange Commission. ..
· *Warren Buffett called Wells Fargo's fake-accounts scandal a "total disaster" in a CNBC interview on Monday.*
· *The bank agreed to pay $3 billion and... Business Insider Also reported by •NYTimes.com