Is there a legal way to shut down a bank (let alone a “too big to fail” bank") for malfeasance?
I don’t think WFC will change its ways until the actual people responsible for the malfeasance (starting with the CEO who is responsible for the corporate culture) are actually tried, convicted and put in jail. But that didn’t happen to any financial managers during the 2008 financial crisis and I would be the most surprised girl in the room if any WFC managers were personally fined and/or jailed.
Wendy