A House panel is starting an investigation of Wells Fargo amid a growing scandal over its opening of millions of unauthorized accounts.
The House Financial Services Committee on Friday announced an investigation of the allegedly illegal activity by Wells Fargo employees to meet aggressive sales goals as well as the role of federal regulators in the debacle.
Also read: Factors to watch on Oct 21
18:57 Bank Leumi to pay $1.6 million over 'unregistered' cross-border business
12:56 J.P. Morgan’s CFO says bank has found ‘a couple of cross-selling’ issues
20:35 Wells Fargo’s Sloan Leaves Analysts Unsatisfied in Debut as CEO
13:36 Wells Fargo Shake-Up Fails to Dispel Skepticism From Lawmakers