Wells Fargo's Wholesale Banking Unit Faces DOJ Probe: WSJ

The transcript discusses an ongoing investigation into Wells Fargo, focusing on whether senior management was involved in altering documents. The investigation is linked to past scandals, with the Justice Department's involvement suggesting potential issues. The company has settled a major lawsuit related to mortgage-backed securities, but concerns about systemic problems and future risks, such as election-related issues, remain. The key question is whether the document alterations were isolated incidents or involved higher management.

How has Wells Fargo responded to previous scandals according to the text?

What potential risks are associated with the investigation as mentioned in the text?