12 Wells Fargo and secret accounts
Background on Wells Fargo
Wells Fargo is in the top five largest banks in the United States. It has over 7,500 locations in all 50 states (Dun & Bradstreet, n.d.). The company offers car and home lending, investment banking, and securities investment, among others. Wells Fargo was founded in 1852 and has since established itself as one of the leaders in the US market. One in three US households banks with Wells Fargo.
Even though the company had a long history and a favorable reputation among customers, all this quickly changed. News broke that Wells Fargo has been involved in a massive fraud that has been going on for years. Employees have been forging sales numbers ...
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