The Economist: Finance and economics articles summarised (25th October 2019)

Wells Fargo
Wells Fargo emerged from the financial crisis as the world’s most valuable bank, as it was a retail bank with no real investment banking. Since 2016 it has reeled from crisis to crisis, starting with millions of spoof accounts being opened. Its assets are now capped at $1.95trn, their 2017 level. Their revenue . . .

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