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This is not quite right. They were pressured by managers to open fake accounts, fired for not making quotas if not, fired if they reported the practice, and the
by gscott 10y ago
This is not quite right. They were pressured by managers to open fake accounts, fired for not making quotas if not, fired if they reported the practice, and then all fired once the government finds out and it blows up. Of course the senior management plays dumb and keeps their jobs.
- danielweber 10y agoThey were not "all fired, once the government found out." Wells Fargo confirmed to CNNMoney that it had fired 5,300 employees over the last few years related to the shady behavior. Employees went so far as to create phony PIN numbers and fake email addresses to enroll customers in online banking services, the CFPB said. http://money.cnn.com/2016/09/08/investing/wells-fargo-created-phony-accounts-bank-fees/ http://money.cnn.com/2016/09/08/investing/wells-fargo-create...