Wells Fargo seeks to shore up reputation in wake of scandal
It scraps product sales goals for retail bankers and may take further disciplinary action against its employees
Washington
WELLS Fargo & Co scrapped its product sales goals for retail bankers on Tuesday and may take further disciplinary action against its employees in the wake of a fake account scandal that has already led to US$190 million in fines and the firing of 5,300 employees.
Wells Fargo has been hit hard by allegations that its staff opened more than 2 million bank accounts and credit cards for customers without their consent in a bid to meet internal sales goals.
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