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  • A tumultuous year for Wells Fargo

    In 2016 Wells Fargo agreed to pay $185 million in penalties to settle allegations that its employees created more than 2 million unauthorized customer accounts to meet aggressive sales goals. Soon after, the Observer and other media outlets reported that the U.S. Attorney’s offices in Charlotte and San Francisco, where the bank has major employment hubs, were also probing the practices.

In 2016 Wells Fargo agreed to pay $185 million in penalties to settle allegations that its employees created more than 2 million unauthorized customer accounts to meet aggressive sales goals. Soon after, the Observer and other media outlets reported that the U.S. Attorney’s offices in Charlotte and San Francisco, where the bank has major employment hubs, were also probing the practices. Meta Viers McClatchy
In 2016 Wells Fargo agreed to pay $185 million in penalties to settle allegations that its employees created more than 2 million unauthorized customer accounts to meet aggressive sales goals. Soon after, the Observer and other media outlets reported that the U.S. Attorney’s offices in Charlotte and San Francisco, where the bank has major employment hubs, were also probing the practices. Meta Viers McClatchy

Wells Fargo’s expanded review finds big increase in potentially unauthorized accounts

August 31, 2017 09:50 AM

UPDATED August 31, 2017 06:51 PM

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  • Wells Fargo CEO: We should have done more sooner

    Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail banking business," Stumpf said.