How were the penalties determined for this colossal fraud

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Reference no: EM132070050

Recently Wells Fargo has been fined $185 million for secretly opening fake deposit and credit card accounts.

What were the financial incentives for the bank to do this? What were the regulatory reasons for this behavior?

How were the penalties determined for this colossal fraud? What was the consequence for the bank's senior management of this fraud?

Reference no: EM132070050

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