2013 & 2014 - Wells Fargo names the most valuable bank brand by The Banker
2015 - Became the largest bank in the world by market capitalization
Then..
2016 - Some azzholes who padded their bonuses by opening unauthorized accounts brought it all down.
Everyone of them should have been charged with theft.
It’s all Charlie faults.
This was going on wayyyy before 2013 and 2014. Have you read the 150 page public document on this?! It was published online in January 2020 when the 8 execs fines were announced. They should be in the federal penetentiary!
You are absolutely correct they should have been arrested for theft. If they would have opened a fraudulent account in my name I would have filed a police report for theft. I could never understand why people didn't file a police report.
The scandal didn't start in 2016. By our own admission we found accounts opened fraudulently as far back as 2009-2010. The fraud was supported by managers. And the regulators turned a blind eye for years. Once we were under scrutiny, it didn't take long for other scams to come to light.
https://finance.yahoo.com/news/wells-fargo-scandals-the-complete-timeline-141213414.html