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Around a dozen staffers were reportedly faking keyboard strokes to maintain an illusion of work, and have been let go by Wells Fargo as a result. Wells Fargo has fired a bunch of employees after ...
The conduct management intake department at Wells Fargo was created in the wake of a scandal that erupted in 2016 when The Times reported bank employees had opened millions of fake deposit and ...
See here: Wells Fargo this week disclosed that it had fired more than a dozen employees for “simulation of keyboard activity,” Bloomberg reported, citing filings to the Financial Industry ...
The police swept Wells Fargo, found nothing, and then proceeded to investigate West Coast Bank with no results. The police left the scene but were called back when an employee noticed a suspicious device outside. Oregon State Police Senior Trooper and munitions expert William Hakim examined the device. As rain fell, Hakim decided to carry it ...
Tellers and other employees at about 20 Wells Fargo branches so far have voted to join Wells Fargo Workers United, the first-ever union at a major U.S. bank. In interviews, current and laid-off ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
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