wells fargo won<u+2019>t be putting the scandal over sham accounts behind it any time soon. emerging evidence that the victims of the scandal were often the bank<u+2019>s most vulnerable customers <u+2014> including mexicans who spoke little english, elderly people with memory problems and college students opening their first accounts <u+2014> has added fresh fuel to the fire. it was <u+201c>like lions hunting zebras ,<u+201d> said kevin pham, a former wells employee. <u+201c>they would look for the weakest, the ones that would put up the least resistance.<u+201d> former employees told the new york times about their experiences of working at wells fargo : <u+2022> one described how she started drinking hand sanitizer to ease her anxiety about the work she had to do there. <u+2022> another said she developed shingles. <u+2022> and another said, <u+201c>i thought i was going to have a heart attack or stroke if i stayed any longer.<u+201d> quotation of the day <u+201c>i was this young girl who came in with good intentions to be the best lawyer for my client... i was caught in the middle of the explosive disintegration of the relationship between goldman sachs and the l.i.a.<u+201d> <u+2014> catherine mcdougall, a former lawyer for allen & overy, who went to work for the libyan investment authority, libya<u+2019>s sovereign wealth fund , in 2008 only to be pulled out six weeks later. online lenders regroup we noted on thursday that sofi had recovered from the lending club crisis earlier this year. well, the rest of the industry is trying to get its act together, too. by gathering together, online lenders like prosper and funding circle are hoping that they will be able to distance themselves from payday lenders (which are not in regulators<u+2019> best books) and prove that they can shape up without the need for government intervention. the challenge, with a number of associations being formed, will be deciding on best practice and common standards. debates over how loans should be structured and disclosed are just getting started . number of the day $28 billion : the amount that investors have pulled from hedge funds over the last three months. this is the biggest quarterly outflow since the depths of the financial crisis. follow amie tsang on twitter @amietsang .
morning agenda: the lion<u+2019>s den, trump used to attract chinese, online lenders regroup
amie tsang