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Is Wells Fargo bank closing down?

Updated: 8/21/2019
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Myrab51

Lvl 1
7y ago

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It's unlikely. A $185 million fine would be a significant blow to many companies, but for Wells Fargo it's chump change; the company had earnings of about $23 billion last year, so $185 million is large enough for them to notice, but not really large enough to hurt them irrecoverably ... it's roughly the equivalent of a parking ticket for someone earning minimum wage.

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Q: Is Wells Fargo bank closing down?
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