Fitch: Wells Fargo Should've Pulled A Goldman And Screwed People Over In An Esoteric Fashion

Remember this for next time.
Think, god damn it! (Getty Images)

Think, god damn it, think! (Getty Images)

It's one thing to engage in massive fraud but to do so in a way that people can actually understand? You f*cked up doubly, Wells.

...why all the vitriol over a scandal that cost the bank fines of just $185 million, a total that practically amounts to a rounding error on an expected $5.5 billion quarterly profit? Fitch analyst Julie Solar summed up the situation in one clear sentence: "While (Wells Fargo) emerged from the financial crisis in a much better position than similarly sized peers, Fitch believes this issue creates reputational risk given the issue and allegations are understandable to the general public, in a way that misdeeds at other banks are not."

Wells Fargo getting smacked by Wall Street analysts [CNBC]


Getty Images

Nuns Are Pissed At Wells Fargo

You've done it now, Stumpf.

Wells Fargo.Insane

Wells Fargo Still Wells Fargo

Time for your monthly installment of oh-the-humanity from Tim Sloan and co.