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Wells Fargo sales scandal extends to brokerage unit: U.S. senators
November 4, 2016 by admin · Leave a Comment
Wells Fargo & Co fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a scandal which the fourth-largest U.S. bank has so far characterized as a retail banking problem. In a letter to Wells Fargo Chief Executive Tim Sloan, Senators Elizabeth Warren, Ron Wyden and Robert Menendez questioned the bank's disclosures about those employees' dismissals in required regulatory filings.
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Wells Fargo sales scandal extends to brokerage unit: U.S. senators