This year hasn’t been the best for banking and financial services company Wells Fargo. Earlier this year, news broke that federal prosecutors were investigating the as many as 2 million sham customer accounts Wells Fargo admitted holding, which led to a $185 million fine levied...
In the wake of firing more than 5,300 employees and paying $185 million in fines to help settle an investigation into what some have called “sham bank accounts” created without express permission from clients, Wells Fargo has express regrets — but stopped short of agreeing...
March 21, 2017
Wells Fargo released its retail banking customer activity data for February 2017, and it shows the biggest drop in credit card applications since the bank’s scandal over sham accounts erupted six months ago, according to The Financial Times. A company press release announced the details of the retail banking data, showing consumer checking account openings fell 3 percent […]
December 12, 2016
This year hasn’t been the best for banking and financial services company Wells Fargo. Earlier this year, news broke that federal prosecutors were investigating the as many as 2 million...
September 12, 2016
In the wake of firing more than 5,300 employees and paying $185 million in fines to help settle an investigation into what some have called “sham bank accounts” created without...
