Wells Fargo rebound comes amid Citizens slide. Here’s who dominates Philadelphia’s banking scene.

//Wells Fargo rebound comes amid Citizens slide. Here’s who dominates Philadelphia’s banking scene.

Wells Fargo rebound comes amid Citizens slide. Here’s who dominates Philadelphia’s banking scene.

Wells Fargo appears to have finally put its scandals behind it. Unlike last year, when Wells lost deposits, the San Francisco-based bank saw its local deposits increase from $28.3 billion to $29.1 billion, with its market share inching upward from 18.4% to 18.5%, according to annual data released Friday by the Federal Deposit Insurance Corp.  Wells Fargo’s local market share was over 20 percent before the September 2016 fake accounts scandal in which employees opened as many as 3.5 million…

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By | 2019-09-16T11:58:48+00:00 September 16th, 2019|Economics|

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