Judge signs off on $480-million settlement with Wells Fargo shareholders - News Summed Up

Judge signs off on $480-million settlement with Wells Fargo shareholders


The bank’s focus on cross-selling was later blamed for the aggressive sales quotas that pushed thousands of workers to open accounts without customers’ authorization. Shareholders argued that executives continued to brag about cross-selling even once it was clear those quotas were “corrupting, rather than reinforcing, Wells Fargo’s purported corporate values and cross-selling business model,” according to court filings.


Source: Los Angeles Times December 19, 2018 21:55 UTC



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