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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]
Here's an overview of Wells Fargo's most notable scandals and missteps as CEO Tim Sloan testifies before the House Financial Services Committee.
Wells Fargo CEO Tim Sloan is stepping down. Here is a list of all the scandals that occurred at the bank in the past few years. List of Wells Fargo scandals in the Tim Sloan era [Video]
A bank spokesperson declined to offer more details about the firings, saying only that “Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior.” I have ...
The Father's Day Bank Massacre was a bank robbery and shooting that took place on Sunday, June 16, 1991, at the United Bank Tower (now the Wells Fargo Center) in Denver, Colorado, United States. The perpetrator killed four unarmed bank guards and held up six tellers in the bank's cash vault. An estimated $200,000 was stolen from the bank.
His client list included Citicorp, J. C. Penney, Ed Morse Automotive Group, National Beverage, Silversea Cruise Lines, Supra Telecom, and Wells Fargo. [9] Until he was permanently disbarred by the Florida Supreme Court on November 25, 2009, Rothstein was a member of the Florida Bar and admitted by the United States Supreme Court .
Wells Fargo (NYSE:WFC) is still paying for the sins of its past.Source: Ken Wolter / Shutterstock.com Many people, and I include myself in that, thought the past ended when Charles Scharf was ...
Her husband and presumed killer, Joshua Powell, later killed himself and their two sons in 2012. Incidentally, both Susan Powell and Lori Hacking had been employed by Wells Fargo Investments at the time of their respective disappearances, with some colleagues knowing both women. [16] Laci and Conner Peterson - Laci went missing while pregnant ...