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Here's How Congress Is Reacting to Wells Fargo's Latest Setback

  • Lawmakers outraged after bank discloses more bogus accounts
  • Embattled lender could face more hearings, reputational damage
Bloomberg business news

Wells Fargo Finds More Fake Accounts

Break up big banks, hold more congressional grillings and don’t let up until executives are held accountable.

Those were just some of the reactions from U.S. lawmakers after Wells Fargo & Co. raised its estimate Thursday by 67 percent for how many bogus accounts employees may have created.