The bank has been embroiled in a scandal over opening millions of fake accounts for customers, which cost former CEO John Stumpf his job, and continued missteps at the firm have led some lawmakers to call for current CEO Tim Sloan to be ousted from his post. (finance.yahoo.com)
Meanwhile, advances in machine learning have allowed Facebook «to find more suspicious behaviors without assessing the content itself» to block millions of fake account creations per day «before they can do any harm,» says Chakrabarti. (techcrunch.com)
Branch employees had opened millions of fake accounts in customers» names without their knowledge to meet sales targets. (cnbc.com)