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Wells Fargo Employees Started Blowing the Whistle in 2005

The bank’s assertions about when it knew that its employees were systematically creating illegal accounts have shifted since news of the scandal broke.
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Wells Fargo's CEO is giving up $41 million over the phony accounts scandal

Business & Finance : Business Insider: Clusterstock

Wells Fargo CEO John Stumpf will temporarily forgo his salary for 2016 while the bank launches an independent investigation over phony accounts created by employees to reach aggressive sales targets. Follow BI Video: On Twitter Join...

Wells Fargo CEO to forfeit $45 million in pay over fake-accounts scandal

Business & Finance : LA Times: Business

Embattled Wells Fargo & Co. Chief Executive John Stumpf will forfeit compensation worth about $45 million, part of the company’s response to the still-unfolding scandal over millions of fake accounts created by bank employees. Stump...

Wells Fargo fined $185 million for creating 2 million fake bank accounts; Fires over 5,000 Employees

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

Employees at Wells Fargo created millions of fake bank accounts and credit card numbers over the past five years, federal regulators announced this week, in an illegal bid to boost their sales figures. The bank was fined $185 millio...

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.        

Morning Agenda: Wells Fargo Complaints, Valuing Mojo, Consumer Agency Ruling

Business & Finance : DealBook

Complaints of illegal activities at Wells Fargo were filed as early as 2005, raising questions about when exactly the bank’s chief executive found out about its fake accounts.


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