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California launches criminal probe into Wells Fargo account scandal

Reuters Wednesday, 19 October 2016 ()
WASHINGTON (Reuters) - The California Attorney General's Office has launched a criminal investigation into Wells Fargo over allegations it opened millions of unauthorized customer accounts and credit cards, according to a seizure warrant seen by Reuters.
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News video: Wells Fargo Continues to Struggle In Sales Scandal

Wells Fargo Continues to Struggle In Sales Scandal 00:45

On Friday, JPMorgan Chase and Citigroup overwhelm third-quarter estimates in an incredible recovery to bring in trading revenues. Wells Fargo on the other hand, barely beat expectations, as the bank continues to struggle with a sales scandal. Chief operating officer, Tim Sloan, admitted that senior...

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