Wells Fargo needs to atone for unscrupulous banking practices

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The Wells Fargo scandal that broke last week involving fake accounts with real customer money was a corporate scandal unlike others, and the case offers important lessons for how companies can.

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– Wells Fargo does offer the most comprehensive array of products & services, than any other bank. really making it a place where people can truly have all their financial needs/solutions met. – Excellent benefits aside from medical and retirement; offered many other professional and personal resources at no cost.

NEW YORK–(BUSINESS WIRE)–The Independent Directors of the Board of Directors of Wells Fargo & Company (NYSE: WFC) today announced that they have launched an independent investigation into the Company’s retail banking sales practices and related matters.

These principles reflect Wells Fargo’s longstanding commitment to responsible servicing for real estate-secured consumer loans and lines of credit. key principles include the company’s consumer-centric approach to servicing, providing information that customers need, helping customers manage their credit, and our commitment to help customers facing financial difficulties stay in their homes whenever possible.

Wells Fargo Advisors is a subsidiary of Wells Fargo & Company, one of America’s largest and strongest financial institutions, which has been in business since 1852. Wells Fargo Advisors is one of the nation’s premier financial services firms, serving and advising clients nationwide through more than 15,000 Financial Advisors.

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Wells Fargo CEO John Stumpf testifies on Capitol Hill in Washington, Thursday, Sept. 29, 2016, before the House Financial Services Committee investigating Wells Fargo’s opening of unauthorized.

Wells Fargo needs to atone for unscrupulous banking practices. Wells Fargo sales employees were under pressure to meet sales goals that called for every customer to have eight products with the bank. The employees opened more than 2 million potentially unauthorized bank and credit card accounts.

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Wells Fargo & Co. must be required to make amends for the scandal involving sales practices that led employees to open as many as two million unauthorized customer accounts, writes the editorial.