Home / Finance / Wells Fargo was silent about fake account probe for at least 6 months

Wells Fargo was silent about fake account probe for at least 6 months

Buffett: Wells Fargo is ‘a great bank that made a terrible mistake’

Federal law requires public companies like Wells Fargo to warn shareholders about non-routine legal proceedings.

Yet it has now emerged that Wells Fargo stayed silent for at least six months about the fact that authorities were investigating the bank’s creation of fake accounts.

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