Michael Hiltzik: Not even a $1 billion fine can fix what's broken at Wells Fargo
by Michael Hiltzik, Los Angeles Times
Apr 20, 2018
3 minutes
The $1 billion fine levied Friday by federal regulators on Wells Fargo and Co. for its string of customer-abuse scandals certainly sounds like a big number. And compared with the usual wrist-slaps faced by wrongdoing banks, it is a big number.
As my colleague James Rufus Koren reports, the fine announced by the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau is the largest levied against a
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