Banking

May 14, 2014

Bank Watch roundup: Wells won’t go down without a fight

WELLS FARGO WON'T GO DOWN WITHOUT A FIGHT: Even though nearly all of its peers have paid up on fraud accusations by the Federal Housing Administration, Wells Fargo is ready to fight back in court by calling the claims a “brazen attempt” to impose “massive fraud liability," Bloomberg reports. Even though the total amount of money at stake isn't that much to the country's most profitable bank, “You go back to their DNA. They fight things. They always go down swinging,” analyst Paul Miller tells the news agency.

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