Reports of altered documents again call Wells Fargo risk management into question


Wells Fargo & Co. (NYSE: WFC) employees added or altered information in documents for corporate customers within wholesale banking without their knowledge, according to a Thursday report from The Wall Street Journal.

The WSJ report says the incidents happened in 2017 and earlier this year, as employees were working to meet a June 30 deadline in compliance with a November 2015 consent order handed down by the Office of the Comptroller of the Currency regarding anti-money-laundering controls. This…

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