XAT 2017 Question 88

Question 88

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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