Some things never change. Banks are still in business, and continue to behave badly. Wells Fargo was just caught in flagrante delicto, and fined 185 million dollars. The unanswered question: who is going to pay the fine? I predict it will be the stockholders, not management. Top managers are routinely allowed to run businesses into the ground and keep huge bonuses awarded for “a job well-done”.
Wells Fargo has been hit by the US consumer finance watchdog
Tags: personal finance