Sunday, October 16, 2016

Could The Return Of Glass- Steagall Prevent Wells Fargo-Style Debacles?

Last month, regulators fined Wells Fargo $185 million for creating approximately two million bank and credit-card accounts without customers' consent. Soon after, eight former employees filed class-action lawsuits claiming workers faced termination if they refused to meet sales goals by creating those fraudulent accounts. The story rocked the financial world and the consumers who rely on banks to make ethical choices when handling their hard-earned money.

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