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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.        

Sen. Elizabeth Warren blasts Wells Fargo management over sales practices

Issues & Causes / Environmentalism : Greenspace

Sen. Elizabeth Warren on Thursday blasted top management of Wells Fargo & Co. over the aggressive sales tactics of bank employees that led to a $185-million settlement with federal and state regulators. The Massachusetts Democrat sa...

John Stumpf Should Check This Date in Wells Fargo History

Business & Finance : Deal Journal -

Deal Journal has a sort of secret obsession with a webpage called ?This Date in Wells Fargo History? which Wells Fargo kindly updates every single day. On the day of Wells Fargo's annual meeting, CEO John Stumpf should read it.

Rank and File Wells Fargo Employees on the Pressure to Rip Off Customers to Meet Sales Quotas

Technology / Internet : Daring Fireball

Stacy Cowley, reporting for the NYT: The scandal at Wells Fargo over the creation of unauthorized accounts shook its customers’ faith in the bank, but it took an even sharper toll on the company’s workers. A number of hem say they f...

Ex-Wells Fargo employees reveal how some bankers abused customers

Business & Finance : Business Insider: Clusterstock

In a new repor t, former workers at Wells Fargo say bankers targeted specific age and cultural groups and manipulated them to hit aggressive sales targets. The bank is being criminally investigated after it was found that employees ...


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