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KM Financial Solutions | Phony bank accounts not a ‘systemic’ issue -U.S. regulator
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Phony bank accounts not a ‘systemic’ issue -U.S. regulator

06 Jun Phony bank accounts not a ‘systemic’ issue -U.S. regulator

Posted at 19:44h in News by
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WASHINGTON, June 7 (Reuters) – A U.S. bank regulator said on
Thursday that an industry-wide review prompted by Wells Fargo &
Co’s sales practices scandal had uncovered some
instances of phony accounts at other lenders but little evidence
of a “systemic” problem.

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