Wells Fargo makes their money by taking advantage of clients. They know exactly what they are doing, hope they won’t get caught and will only change when it is brought to their attention by a regulatory authority. I don’t know how or why this bank is allowed to remain in business.
If you see Wells Fargo short-changing clients: Blow the Whistle to the appropriate agency. Wells Fargo shows NO LOYALTY to their employees or their clients Turnabout is fair play.
Large American businesses are no longer trying to make an honest buck off of a great product. It is now, how can I squeeze every last dollar out of my customer's, honestly or not. Added bul#@*t fees; subscriptions for everything, manipulated online searches, planned obsolescence, fake use by or sell by dates, and my favorite; eliminating American jobs to create profit. What happens when your customers cant earn money and have none left? Oh yeah, the execs will have escaped with their millions so who cares.
Makes you wonder where the risk management/ control people are on this.
Exactly. Not Wells specific. Seems almost everyone was doing it hence the mad scramble to change the sweep programs. Not an excuse though.
I think the Capital One situation is much worse
Par for the course in banking.
Becoming par for the course in American business.