On a day when the Dow experienced its biggest point loss in history, Wells Fargo & Co. did twice as bad.
The bank's shares tumbled 9.2% on Monday — their biggest single-day drop since the financial crisis — reflecting just how much investors have lost faith in the San Francisco financial giant since it was severely punished last week for its accounts scandal and other assorted wrongdoing.
The bank's shares tumbled 9.2% on Monday — their biggest single-day drop since the financial crisis — reflecting just how much investors have lost faith in the San Francisco financial giant since it was severely punished last week for its accounts scandal and other assorted wrongdoing.
Read More: http://www.latimes.com
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