Wells Fargo faces whistleblower lawsuit over Wachovia's banking practices

Whistleblowers, including one from the Bay Area, are suing Wells Fargo alleging improper accounting controls and banking practices in Wachovia's investment bank ahead of the 2008 financial crisis, the Charlotte Observer reported. In July, the U.S. Justice Department declined to officially join the suit but said the whistleblowers could continue the case on their own, the Charlotte newspaper reported.



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