logoalt Hacker News

cestithtoday at 5:50 PM0 repliesview on HN

Case in point: Wells Fargo foreclosure fraud. Case in point: Wells Fargo opening new accounts in customer names without direction from, approval by, or notification to said customers.

The primary incentive of a bank is to make money rather than customer satisfaction, security, or most other things. Sometimes other priorities suffer in the race to profit, sometimes including regulatory compliance and legality.