BUSINESS Wells Fargo fires forex bankers, investigates unit: WSJ

BUSINESS

Wells Fargo fires forex bankers, investigates unit: WSJ

Reuters | Reuters

03:18, October 21, 2017

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A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake


Wells Fargo & Co, the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank.

The foreign-exchange investigation now shows there is also trouble in Wells Fargo's investment-banking arm, the WSJ reported. 

Wells Fargo did not respond immediately to a Reuters request for comment.



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