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.
Wells Fargo (WFC) confirmed on Thursday that it was in talks with the Consumer Financial Protection Bureau about unauthorized accounts as early as March 2016. This comes after the Charlotte Observer obtained emails under the Freedom of Information Act that revealed the discussions between the....More>>>