Wells Fargo warned in an Aug. 4 filing with the U.S. Securities and Exchange Commission (SEC) that it expects to find a “significant increase” in the number of unauthorized deposit and credit card accounts it opened for customers. “We expect that our review of the expanded time periods … may lead to a significant increase in the identified number of potentially unauthorized accounts,” Wells Fargo said in its SEC filing, according to CNBC. The bank added it does “not expect any incremental customer remediation costs as a result of these efforts to have a significant financial impact on the Company.” That ... Read More
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