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US Justice Department probes Wells Fargo’s wholesale banking unit

Investigation focuses on potential employee fraud related to altering client documents

US Justice Department probes Wells Fargo’s wholesale banking unit

The Justice Department is probing whether employees committed fraud in Wells Fargo’s wholesale banking unit, following revelations that employees improperly altered customer information, people familiar with the matter said.

The Wall Street Journal previously reported that some employees in the unit added information on customer documents, such as Social Security numbers and dates of birth, without their consent.

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