There was once a time when Warren Buffet described Wells Fargo as his favorite bank. Simultaneously, it was the most trusted bank in the United States. How times have changed.
Wells Fargo is now operating under a different regime, but what have the billions of dollars the bank has spent in attending to the compliance failures that arose out of its fake account scandal delivered? Are the changes the bank has made adequate and effective, and do they engender stakeholder confidence?
