Trusted bank that bullied staff into opening two million fake accounts... and why it's triggered panic in British boardrooms

When Lehman Brothers and Northern Rock collapsed, RBS and Lloyds plunged to the brink, and the entire financial system ground to a halt – there was one bank that seemed to sail through the crisis.
Wells Fargo, one of the oldest banks in America, came through the recession with a reputation for sensible lending and borrowing. It rose to become the most valuable bank in the US.
That seemed only fitting for an institution which was founded in 1852 and whose stagecoach pony express across the Wild West became a thing of legend – guarded by the likes of lawman Wyatt Earp.
But now its good name... read more

28 September 2016 in Business, Views: 45
Source: Daily Mail

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