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Wells Fargo’s Rehabilitation Requires Change at the Top

The Washington Post

Wells Fargo & Co.’s sins of the past are going to haunt it for a little longer.

Late Friday, on Janet Yellen’s last day as Federal Reserve Chair, the regulator slapped the San Francisco-based lender with sanctions for poor governance, compliance and risk management relating to abusive sales practices that culminated in the creation of millions of fake accounts and inappropriate charging of auto-insurance and mortgage fees...

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