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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]
[1] [2] Since its establishment, the CFPB has actively gone after banks and other financial service providers that have been determined to be "bad actors", such as when it fined Wells Fargo $100 million due to the Wells Fargo cross-selling scandal. [1] The CFPB had been seen as a bane by the Republican Party and as a sign of government overreach.
"I felt like it was sketchy the whole time, but since it came from a Wells Fargo number, I trusted it," she lamented. Read more: 5 minutes could get you up to $2M in life insurance coverage ...
Map of Wells Fargo branches in August 2015 Wells Fargo branch in Berkeley, California A former Wachovia branch converted to Wells Fargo in the fall of 2011 in Durham, North Carolina American Express Co. early receipts (1853, 1869) Stagecoach with Christmas gifts at a Wells Fargo Bank, San Francisco Wells Fargo & Co. Express building circa 1860, Stockton, California Mud wagon — Wells Fargo U ...
Wells Fargo is also working on providing business credit cards. Personal loans : You can borrow money for major purchases, home renovations , and other expenses and pay Wells Fargo back within 12 ...
The most recent round of cuts brings to 326 the publicly announced number of workers cut since April 2023 from Wells Fargo’s Des Moines metro employment rolls, and 1,442 positions cut since 2018 ...
Crown lawyers at this fraud trial of three former Nortel Networks executives say the men defrauded the shareholders of Nortel of more than $5 million. According to the prosecutor this was accomplished by engineering a financial loss in 2002, and a profit in 2003 thereby triggering Return to Profit bonuses of $70 million for top executives.
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