Yellen Says Fed Grilling Biggest Banks Amid Wells Fargo Furor

  • ‘Disturbing’ compliance failures prompt review, Yellen says
  • Fed chair won’t answer questions about breaking up Wells Fargo

Federal Reserve Chair Janet Yellen said her agency has started a review of the “disturbing” compliance failures at the biggest U.S. banks after lawmakers pressed her Wednesday over revelations that Wells Fargo & Co. had opened scores of bogus customer accounts.

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