Wells Fargo to dump retail sales goals in wake of $185 million fine

Wells Fargo & Co. will eliminate all product sales goals in retail banking, effective Jan. 1.

The San Francisco-based bank (NYSE: WFC) — Colorado's biggest — made the announcement Tuesday.

The action is in response to last week's announcement that regulators were fining the bank $185 million over allegations of bank employees creating unauthorized accounts to meet sales targets.

That revelation has sparked a controversy surrounding the company's sales practices.

Read more at the Denver Business Journal: http://bizj.us/1o83kq

(© 2016 American City Business Journals. All rights reserved.)


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment
More Stories