The San Francisco bank disclosed the broadened review in a filing on Friday with the Securities and Exchange Commission. Wells Fargo has been trying to repair its reputation after admitting last fall that employees under pressure to meet aggressive sales targets opened as many as 2 million accounts without getting customers’ permission. Initially, it planned to review accounts going back to 2011. It also expects to complete a review of potentially unauthorized accounts identified by a consulting firm. Wells Fargo projects that its review will be finished by the end of the third quarter.
Source: Taipei Times August 05, 2017 15:56 UTC