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Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals

For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes.

Stacy Cowley
Author: Stacy Cowley

Written by

Stacy Cowley

in

Ethics and Official Misconduct, Federal Reserve System, Fines (Penalties), Frauds and Swindling, Regulation and Deregulation of Industry, Scharf, Charles W
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