Why Wells Fargo's CEO says it will take months to fix fake accounts

Favicon Business Journal

Wells Fargo CEO Tim Sloan says it will take months to unravel much of the damage done to customers who were affected by the San Francisco bank's fake accounts scandal earlier this year. Wells Fargo agreed last September to pay customers who were affected by its aggressive sales tactics as much as $5 million in renumeration, as well as shell out $185 million in penalties for as many as 2 million bogus accounts it created. Join the conversation: Follow @SVbizjournal on Twitter, "Like" us on Facebook...

Read the full article here: Business Journal


The post: «Why Wells Fargo's CEO says it will take months to fix fake accounts» has been published on the website Business Journal where, everyday, you can find the latest news about San Jose's area.



Get more articles about this topic

Leave a comment