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Events on Thursday 8 September 2016 1
2016Wells Fargo Fake Accounts ScandalBank fined over unauthorized customer accountsWells Fargo was fined $185 million after regulators found employees had opened millions of unauthorized customer accounts to meet aggressive sales targets. The scandal led to the resignation of CEO John Stumpf and the firing of thousands of employees. It triggered a broader reckoning over sales practices in U.S. retail banking.