More trouble for Wells Fargo

Published September 14, 2016 9:36pm ET



Wells Fargo reportedly faces a probe from federal prosecutors, the latest sign that the bank’s troubles are mounting a week after regulators revealed that its employees created millions of fake accounts to soak unknowing customers.

The U.S. Attorney’s Offices for the Southern District of New York and the Northern District of California are considering whether to prosecute the bank for its abuses of customers, the Wall Street Journal reported Wednesday.

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