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Would Wells Fargo have fired 5,300 anyway?

The banking giant cut thousands of employees in the wake of its scandal, but there are signs a workforce reduction may have been inevitable.
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Wells Fargo CEO steps down in wake of fake account scandal

Business & Finance : Mashable: Business

The CEO of Wells Fargo will reportedly step down as CEO and chairman of the board of the major U.S. bank, a move that comes in the wake of a major scandal over the creation of fake accounts on behalf of thousands of customers. SEE A...

The Record Fine Against Wells Fargo Points to the Failure of Regulation

Business & Finance : The New Yorker: Business

If you Google the phrase “bank cross-selling,” you don’t get many hits about the recent Wells Fargo scandal, in which thousands of bank employees were fired for the most blatant sort of corporate fraud. “Team members,” as Wells Farg...

Wells Fargo fined $185M over unauthorized bank accounts

Business & Finance : USAToday: Money

Wells Fargo employees created unauthorized bank accounts in order to boost sales, prompting the bank to fire 5,300 employees. Wells Fargo must pay massive fines and restitution to its customers.        

Wells Fargo CEO leaves bank panel in wake of fraud

Business & Finance : USAToday: Money

Wells Fargo CEO, John Stumpf, under fire for a scandal in which bank employees opened millions of unauthorized customer accounts, has resigned from a national panel that discusses economic and banking issues with the Federal Reserve...

Wells Fargo cuts more jobs

Business & Finance : Business Report

Wells Fargo is planning to axe 2 300 jobs due to declines in mortgage refinancings in the wake of higher interest rates. ||| New York - US banking giant Wells Fargo on Wednesday said it was cutting 2 300 jobs due to declines in mort...


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