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The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo.
Feb 21, 2020 · Wells Fargo has agreed to pay $3 billion to settle criminal charges and a civil action stemming from its widespread mistreatment of customers in its community bank over a 14-year period, the...
Feb 6, 2019 · How did Wells Fargo's vision, values, and management contribute to a widespread fraud that opened millions of unauthorized accounts? This article examines the role of corporate culture, financial incentives, and employee conduct in the scandal and its implications for corporate governance.
Feb 21, 2020 · Wells Fargo admitted to opening millions of accounts without customer authorization and misusing personal information to meet sales goals. The company faced criminal and civil investigations and penalties from the Department of Justice, FDIC, SEC and other regulators.
Dec 20, 2022 · Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for “widespread mismanagement” over multiple years that harmed over 16 million consumer accounts.
Feb 24, 2020 · Wells Fargo, the fourth largest bank in the United States, agreed on Friday to pay $3 billion to settle its long-running civil and criminal probes into the heinous accusations of rampant...
Feb 29, 2024 · Feb 29 (Reuters) - Wells Fargo (WFC.N), which has spent years trying to extricate itself from its fake accounts scandal, was sued on Thursday for allegedly not doing enough to help customers who...
