Sentences with phrase «opening millions of fake accounts»

Replacing an insider CEO who personally profited from the bank opening millions of fake accounts with another highly placed insider who personally profited from the same activity does not lead to change at the bank.

«Replacing an insider CEO who personally profited from the bank opening millions of fake accounts with another highly placed insider who personally profited from the same activity does not lead to change at the bank,» Warren told Vox in an interview after the hearing.

Branch employees had opened millions of fake accounts in customers» names without their knowledge to meet sales targets.

They reworked it right to the point where employees opened millions of fake accounts to meet their sales quotas.

Wells Fargo has run into problems of late following a scandal, revealed last September, in which thousands of its employees opened millions of fake accounts for unwitting customers over a decade and a half, if not longer.

Wells Fargo's chief executive Timothy Sloan on Tuesday defended the mega bank against withering criticism from lawmakers that it has not done enough to reform itself since admitting last year it had opened millions of fake accounts customers didn't want.

Not exact matches

To top it all off, 2016 and 2017 witnessed their now infamous «fake accounts» scandal that impacted literally millions of customers and involved tens of millions in falsely opened accounts.