A committee of federal MPs was hearing testimony from ex-bank workers as it examines accusations of questionable — and even illegal — sales practices by some of the country’s largest financial institutions. Wells Fargo was fined $185 million (U.S.) last year after employees opened more than two million fraudulent accounts in their effort to hit imposing sales targets. She also noted that her allegations on the more-recent culture at the bank came from second-hand accounts. We’ve got very sound sales practices. Employees have felt squeezed for decades to hit sales performance targets, and are told that failing to do so could eventually cost them their jobs, she alleged.

Source: thestar June 08, 2017 02:37 UTC