Wells Fargo drawing renewed scrutiny after data breach: source

New York

WELLS Fargo & Co, already in the regulatory spotlight because of last year's fake-account scandal, is drawing renewed scrutiny after a lawyer's unauthorised release of sensitive client details for tens of thousands of accounts belonging to wealthy customers of its brokerage unit.

Regulators have started asking questions about the breach,according to a person with knowledge of the matter, after the data was mistakenly provided to a lawyer as part of a lawsuit involving two brothers, one a Wells Fargo employee and the other a former employee. A person briefed on the matter said that Wells Fargo has determined the accounts were all from one brokerage branch in the North-east.