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Wells Fargo news

According to CNN's Money:

"5,300 Wells Fargo employees fired for creating over 2 million phony accounts
http://money.cnn.com/2016/09/08/investing/wells-fargo-created-phony-accounts-bank-fees/index.html"

Is it time to break up the mega-banks?

Answers

Chris Shumate
Title: Accounting Manager
Company: Dominion Development Group, LLC
LinkedIn Profile
(Accounting Manager, Dominion Development Group, LLC) |

I don't think breaking up mega-banks is the right idea, however I don't recommend joining a national bank like this. I realize they have branches where people can make you feel like an important customer, but I prefer small to mid-sized banks as opposed to the gargantuan ones. There seems to be more care amount small to mid-sized banks.

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