Relevant:
- Wells Fargo fined $185 million for creating 2 million fake bank accounts; Fires over 5,000 Employees
- Wells Fargo shares boosted by Buffett
- Wells Fargo Adds $1 Billion to Possible Legal Cost
- Wells Fargo can't seem to escape its troubled past
- Wells Fargo Forced To Pay $3 Billion For Fake Account Scandal
2008-02-29 — cnn.com
`` Wells said the loss came as part of a $130 million capital support agreement Wells entered as a way to safeguard a coveted Triple-A credit rating for many of its investment funds.
The bank is currently the only one of the top five American banks to hold such a high credit ranking.
The nation's fifth-largest bank added it had three separate SIVs worth more than $1 billion as of Feb. 1.'' -- Not quite so Warren-Buffett-squeaky clean, eh?
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