Wednesday 29 November 2017

Report: Wells Fargo Bankers Inflated Fees, Got Bonuses

Report: Wells Fargo Bankers Inflated Fees, Got Bonuses

Wells Fargo bankers overcharged hundreds of corporate clients in order to meet their sales goals, the Wall Street Journal reports. Those bankers, most of whom performed international transactions for corporations, allegedly inflated clients' fees, tacking on millions of dollars in extra charges. The bankers were allegedly driven by Wells Fargo's employee rewards system, which gave sizable bonuses to bankers who exceeded their sales goals.
Read more: https://www.thedailybeast.com/report-wells-fargo-bankers-inflated-fees-got-bonuses?source=Snapzu

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