LOS ANGELES: Wells Fargo & Co managers were accused of fuelling the creation of bogus accounts in what may be the first lawsuit by fired or demoted employees since the bank was called out by regulators.
The lawsuit offers details of how low-level bankers were allegedly pushed to create at least 10 new accounts a day in a sales initiative that has blown up into a scandal and prompted US lawmakers to call for chief executive officer John Stumpf’s resignation.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
