Washington Post

Wells Fargo Created 1.4 Million More Fake Accounts Than Previously Reported

Wells Fargo on Thursday said it had potentially opened an additional 1.4 million sham accounts customers didn’t want, 67 percent more than it initially estimated, escalating an already contentious battle over the future of the mega bank. The bank revised the total, now up to 3.5 million, after discovering that employees may have been opening […]

‘Wells Fargo isn’t the only one’: Other bank workers describe intense sales tactics

Nearly a dozen current and former employees at large and regional banks such as Bank of America (BAC), Citizens Bank, PNC (PNC), SunTrust (STI), and Fifth Third (FITB) tell CNNMoney that a sales obsession pervades their banks. They say they too are under immense pressure to get customers to open multiple accounts. They described a […]