Wells Fargo Falls for Fifth Day After Scandal Draws Justice Probe

Updated on
  • Shares down more than 8% since first report of bogus accounts
  • U.S. Attorneys in New York, San Francisco said to investigate

Banking's Mr. Clean Stares Down Account Scandal

Wells Fargo & Co., the lender that lost its status as the world’s most valuable bank this week, fell for a fifth day in New York trading after reports that the Justice Department is investigating sales practices that led to the opening of 2 million unauthorized accounts.

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