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After Wells Fargo was mired in a 2013 scandal over employees who opened millions of fake banking accounts, the bank created a new centralized unit to review customer complaints and employees ...
The news of a Wells Fargo employee's body being found in her cubicle four days after her death has sparked outrage and questions nationwide. Don't miss Car insurance premiums in America are ...
Wells Fargo is also continuing to pull itself from a 2016 scandal in which employees had opened millions of fraudulent accounts, often to meet sales goals. As a result, federal regulators mandated ...
Wells Fargo said that it expects to keep growing in Arizona, where the bank has more than 13,000 employees. The company added that it believes in-person collaboration is key to success.
Wells Fargo's business downturn dates to scandal. Wells Fargo began laying off workers in the wake of a fake accounts scandal in 2016, when regulators accused employees of opening accounts without ...
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.
A Wells Fargo employee at a corporate office in Arizona clocked in to what would be her last-ever shift on a Friday morning. Her body was found four days later at her cubicle desk, where she died ...