The Wells Fargo fake account scandal proves “there’s no such thing as a good big bank”

The Wells Fargo fake account scandal proves “there’s no such thing as a good big bank”

Wells Fargo was supposed to be the nice bank. For years, it’s leaned into a folksy image, presenting itself as a beacon of stability—disinclined to make waves—that avoided the worst of the behaviors that led to the mortgage meltdown. One fawning profile from early 2015 briefly compared the bank’s chief executive, John Stumpf, to Jimmy…