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Over the last decade or so, Wells Fargo has spent a lot of time in the headlines.
Breaking news tonight.
Bank bombshell.
Thousands of employees caught opening over a million accounts and credit cards without customers consent.
Some charged fees.
It was one of the biggest banking scandals of the last decade.
That's the FT's U.S. accounting editor, Stephen Foley.
And he says you might remember this Wells Fargo scandal that broke in 2016.
More than one and a half million unauthorized accounts,
half a million credit card applications were created by these stressed salespeople at Wells Fargo.
And it's billions of dollars of fines.
Relentless pressure, unrealistic sales targets,
a culture built on selling as many products to customers as possible.