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Wells Fargo says 1.4 mn new phony accounts uncovered


PUBLISHED Thu, August 31, 2017 - 10:10pm EDT


Troubled commercial banking giant Wells Fargo said Thursday it had uncovered 1.4 million more suspect customer accounts, part of a broadening scandal that has rocked the bank since last year. The new total brings the number to 3.5 million potentially phony accounts opened without customers' consent or knowledge, which caused damaged credit scores and millions in unjustified fees, the bank said in a statement. James Valles reports. (BNO News)





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