The Price of Wells Fargo’s Fake Account Scandal: $3 Billion.. The bank reached a settlement with federal prosecutors and the Securities and Exchange Commission after abusing customers.
https://www.nytimes.com/2020/02/21/business/wells-fargo-settlement.html
I LOVE IT... AND NO ONE GOES TO JAIL AND NO ONE WAS FIRED!!! EVERYONE WALKED AWAY WITH A PLATINUM LINED PARACHUTE...
They've always treated me well. I've never been in a position to have to ask anything
of them however.
The bank isn’t just “too big to fail.” It’s too big to fix.
Karma is a b–ch.
https://www.justice.gov/opa/pr/wells-fargo-agrees-pay-3-billion-resolve-criminal-and-civil-investigations-sales-practices
Dept of Justice News Release
Plenty of people were fired, laid-off, or in PC parlance, "displaced". Just not anybody who counts.
You forgot one thing. Reduction in bonuses due to less EPS.