Wells Fargo fined $185M for bonus scam; 5,300 employees reportedly fired

Thursday, September 8, 2016 - 14:51 in Mathematics & Economics

Doug G. WareWASHINGTON, Sept. 8 (UPI) -- Regulators have fined Wells Fargo Bank nearly $200 million for a scam that opened millions of fake accounts to meet quotas and generate bonuses, officials said.

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