Wells Fargo under federal investigation for potential fraud in wholesale banking unit


Wells Fargo & Co. (NYSE: WFC) is facing another federal investigation — this time related to claims of wholesale banking employees who altered and/or added information to documents without customers' knowledge, according to a report from The Wall Street Journal.

News of the U.S. Department of Justice investigation follows allegations of fraudulent practices made against the bank earlier this year. Investigators are looking into whether the employees' behavior was a direct result of management…

Previous Big new office building to rise near UT, Capitol with unusually large floorplates
Next Guaranty Bancorp, CoBiz Financial had other suitors, SEC filing says