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