Buffett assails Wells Fargo
Warren Buffett, the chairman of Berkshire Hathaway Inc, on Saturday criticized Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal.
Wells Fargo, whose largest shareholder is Berkshire with a 10 percent stake worth roughly US$27 billion, gave employees too much autonomy to engage in “cross-selling” multiple
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