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Wells Fargo New Accounts Plunge after Scandal

Home - San Jose Mercury News

SAN FRANCISCO — New account openings at Wells Fargo plunged in October, the first full month after the bank became mired in a scandal linked to bogus accounts opened without the permission of its customers, the financial services giant reported Thursday. Wells Fargo said consumer checking account openings fell 27 percent in October, compared with September activity. Account openings also were down 44 percent compared with October 2015...

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