• Wells Fargo Axes Dozens of District Managers in Fake Account Scandal, Report Says

    8 days ago - By Fortune

    More than two years after a scandal involving the creation of fake bake accounts, Wells Fargo is firing about three dozen managers for failed oversight, the Wall Street Journal reports.
    The move is an attempt to reassure regulators that the financial institution has fixed the problems that boiled to the surface in September 2016, according to the paper.
    In order to hit sales targets and receive bonuses, Wells Fargo Employees were discovered to have signed customers up for fake accounts. The fraudulent activity-which was later discovered to have tallied up to some 3.5 million accounts -led...
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  • Wells Fargo firing around three dozen district managers: WSJ

    8 days ago - By Reuters

    Wells Fargo & Co is firing around three dozen district managers for oversight failures related to a sales scandal that came to light in its retail banking unit in 2016, the Wall Street Journal reported on Wednesday.
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  • Wells Fargo is reportedly firing dozens of regional managers

    8 days ago - By CNBC

    Wells Fargo is firing approximately three dozen district managers for oversight failures related to a sales scandal two years ago, the Wall Street Journal reported Wednesday.
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