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Articles related to "fraud"


Warren Buffett slammed Wells Fargo's fake-accounts scandal as a 'total disaster' after the bank agreed to a $3 billion settlement

  • people have to make up their own minds." Buffett offered a similar diagnosis for Wells Fargo at Berkshire's last three annual meetings, blaming the bank's scandal on poor incentives and its failure to address the matter quickly.
  • Wells Fargo pressured employees to meet unrealistic sales goals, spurring them to open millions of bank accounts in customers' names without their permission, charge improper fees for auto and home loans, and sell unwanted insurance products, The New York Times said.
  • Buffett offered a similar diagnosis for Wells Fargo at Berkshire's last three annual meetings, blaming the bank's scandal on poor incentives and its failure to address the matter quickly.

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