TECHNICAL ANALYSIS | June 11, 2020
The Three Billion Dollar Fraud
In February 2020, Wells Fargo (WFC) agreed to pay $3 billion to settle criminal and civil charges which resulted from its fraudulent treatment of some bank customers over a 14-year period, from 2002 until 2016. Because of impossible sales targets set by senior executives, low-level staff opened millions of accounts in customers' names without their authorization. With the settlement behind them, is the worst over for this stock?
by Stella Osoba, CMT
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