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
Thu, Sep 15, 2016 - 5:50 AM
The bank is still re-examining its practices amid the gathering public storm over the sales scandal, even after already having fired more than 2 per cent of its staff for the improper selling, says its CFO.
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.