Finance

Wells Fargo is reportedly firing dozens of regional managers

Wells Fargo did not immediately respond to a request for comment from CNBC on Wednesday, a market holiday declared in honor of the late President George H.W. Bush, who died last week.

In September 2016, Wells Fargo fired about 5,300 employees who opened accounts in customers’ names without their consent in order to meet sales quotas. Since employees created perhaps millions of fake accounts, every major business unit of the bank has been subject to federal and state investigations, the Journal reported.

Read the full report in The Wall Street Journal.



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