And Again – Wells Fargo Employees Improperly (aka illegally) Altered Documents

Wells Fargo Employees Improperly Altered Documents

Wells Fargo& Co. found that employees in its wholesale unit added information to internal customer records without the clients’ knowledge, the Wall Street Journal reported, citing people familiar with the matter it didn’t name.

The bank discovered the improper activity and reported it to the Office of the Comptroller of the Currency, which is investigating, the newspaper said. The employees altered the documents in 2017 and earlier this year as they sought to satisfy regulatory demands related to anti-money-laundering controls, according to the Journal.

Wells Fargo has struggled to move past a wave of scandals, which led to a Federal Reserve ban on increasing assets until the lender fixes missteps. The bank’s first-quarter results were marred by a charge of $800 million tied to a settlement with U.S. regulators. Earlier this month, the bank rolled out a new marketing campaign built around its efforts to regain customers’ trust.

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2 Responses to “And Again – Wells Fargo Employees Improperly (aka illegally) Altered Documents”
  1. Anne says:

    As always, a bunch of thieves!!!! They will get away with whatever they want to do even though their bank is going down. They admit that they are wrong and NOBODY does anything to them!!!!!!!!!!!!!!! Don’t blame Trump either; it’s not his fault!!

  2. Carolina C. Bagnarol says:

    The most fraudulent bank, in existence. I am always pleased to see them fail!

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