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Staring at our reflection

This week has seen developments in two major corporate scandals, one on each side of the Atlantic. Last Thursday US bank Wells Fargo was fined $185m for creating more than two million unauthorised bank and credit card accounts for customers, and moving funds from customers’ existing accounts into these newly-created ones without their knowledge or consent in order to incur substantial charges. The bank admitted to firing 5,300 employees for this illegal and unethical activity, which had become systemic.