Wells Fargo, the country’s largest retail bank and an institution once thought above the fray of financial crisis era scandals, has been under fire this week after acknowledging it had fired 5,300 employees over the past five years for opening as many as 2 million sham accounts customers didn’t ask for. The San Francisco-based bank, which did not admit wrongdoing, agreed to pay a $185 million fine and now finds itself in the crosshairs of a possible criminal investigation by two different federal prosecutors.
Read the full Washington Post article, ‘It goes well beyond Wells Fargo’: Concerns grow over sales tactics in banking industry.
