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No kidding - this is some pretty terrible reporting. These account openings were no where NEAR that profitable. The big whales (business accounts, high net wort
by anon102010 7y ago
No kidding - this is some pretty terrible reporting. These account openings were no where NEAR that profitable. The big whales (business accounts, high net worth etc, lending, borrowers) really did not represent in these account openings. I was actually a customer at time, they opened an account, I logged on, saw it, asked them to close it. In my case they tagged the opening onto a different account opening. But was super easy to clean up for me.
I'd be curious how folks are getting a $12B profit from these account openings which were low / no balance in many cases
- wyxuan 7y agoThese figures include fraud committed by various other divisions, it's just that the bank accounts portion was the most visible form of this fraud. I believe their forex and precious metals desks were some examples of divisions that committed fraud.