Not only was the bank's fraudulent activity (since 2012) met with swift announcements and fines, now the bank's profits are reportedly up 19%.
Two big banks, same fraud, two different results.
Why?
WF oversold themselves as a trusted brand for not being involved in Wall Street investment banking schemes causing the 2008 crash.
One could assume now that future-fraud by WF will be met with the same leniency as BofA, as WF has wisely joined forces with their rivals.