Wells Fargo Now Says 3.5 Million Accounts May Have Been Unauthorized
The first step in addressing a problem is recognizing that there is one. That's a lesson Wells Fargo (NYSE: WFC) seems to have taken to heart.
On Thursday, the bank released the results of a third-party review of its sales practices dating back to 2009. The review found that as many as 3.5 million accounts may have been improperly opened by Wells Fargo branch employees from January 2009 through September 2016.
The Wells Fargo stagecoach has seen better days. Image source: Getty Images.
Source: Fool.com