This is a story that slid by the media!

[imanamerican63]

Wells-Fargo, one of the largest banks, will be closing 450 branches. The company says that they trimming the company into a more efficient bank. Totals jobs loss has yet to be determined! I wonder Trump will step in like he did with Carrier? I don't think so!

This story might been posted before, if so, I did not catch it!

[captain queeg]

1. I saw that too, wondered why it didn't garner more attention

I guess all their illegally opening phony accounts in existing customers names caught up with them.

As an aside, I think some of these kinds of shenanigans have been going on a long time and kept under the radar. I remember once years ago I made a deposit to a savings account that I never touched. I didn't bother to look at the receipt till I got home, and about $10k was missing from the account. The next day I went back and checked and the balance was correct. I suspect someone of shuffling money around dormant accounts for god knows what kind of reasons. This was before the internet.

[Wellstone ruled]

2. Donnie Dipstick

is clueless about this. He could care less. You could see this coming after all the Fines and Penalties Wells has paid and are going to have to pay for their Banking practices.

[WePurrsevere]

3. Link to story on CNN...

They're denying that it's because of the fake accounts (but)...

http://money.cnn.com/2017/01/13/investing/wells-fargo-branch-closures/index.html

Wells Fargo (WFC) said the new branch closures haven't been fueled by the bank's fake account scandal.
However, Wall Street analysts do see a link. Not only does Wells Fargo face rising legal and compliance costs to clean up the mess, but its branches aren't likely to be the profit engines they once were.
Wells Fargo has eliminated the unrealistic sales goals that led to the bad behavior and its account openings have declined dramatically in recent months.
UBS analyst Saul Martinez wrote in a report published Friday that he had long expected the "scandal was likely to be a catalyst for a more aggressive focus on expenses."

[LisaM]

4. They already closed one of my branches.

I became a Wells Fargo customer by default (I used to bank with First Interstate), but they've always treated me pretty well and have really stepped up to the plate when I lost a debit card a couple of times. Didn't charge me, gave me temporary cards to tide me over, fixed things almost instantly. So I stayed with them. They had a branch at my local Whole Foods, and I used it frequently on Saturdays - combining shopping and banking. A few months ago, I noticed that they'd ripped it out, so I asked about it. The snotty kid working there was gleeful about it. "Uh, yeah, uh, they uh, invested in Keystone, so it's cool that they're, uh, gone, don't you think?"

No, I didn't think! It took away a major trip-combining convenience of my life.