Wells Fargo is under criminal investigation for identity theft by the state of California, the latest fallout from its fake account scandal. California Attorney General Kamala Harris said in a warrant that there is probable cause to think the San Francisco-based bank committed felonies including identity theft and false impersonation. Wells Fargo has drawn the […]
Tag: John Stumpf
‘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 […]