Wells Fargo CFPB Findings ‘Highly Disturbing,’ Moody’s Says

  • Case involving fake accounts seen as a credit negative
  • Senators, presidential candidate Clinton criticize lender

Revelations that Wells Fargo & Co. employees opened more than 2 million unauthorized accounts are “highly disturbing” and could hurt holders of the bank’s debt, Moody’s Investors Service said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.