Question 16

Which of the following banks is recently in the news because its employees opened additional relationship accounts without its customer’s permission?

Solution

Employees of Wells Fargo opened over 2 million phony accounts to hit their targets and earn bonuses. When the issue came to light in 2016, Wells Fargo fired over 5300 of its employees. Therefore, option D is the right answer.

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Which of the following banks is recently in the news because its employees opened additional relationship accounts without its customer’s permission?

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