Warren Buffett slammed Wells Fargo's fake-accounts scandal as a 'total disaster' after the bank agreed to a $3 billion settlement

Business Insider

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· *Warren Buffett called Wells Fargo's fake-accounts scandal a "total disaster" in a CNBC interview on Monday.*
· *The bank agreed to pay $3 billion and admitted to opening accounts without customers' permission and charging improper fees in a settlement deal last week.*
· *"They obviously had a very dumb incentive system...

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