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.

Share on Whatsapp Share on Whatsapp

Create a FREE account and get:

All Quant Formulas and shortcuts PDF
15 XAT previous papers with solutions PDF
XAT Trial Classes for FREE

XAT Quant Questions | XAT Quantitative Ability

XAT Number Systems Questions XAT Linear Equations Questions XAT Progressions and Series Questions XAT Data Sufficiency Questions XAT Profit, Loss and Interest Questions

XAT DILR Questions | LRDI Questions For XAT

XAT Scheduling Questions XAT Arrangement Questions XAT Selection With Condition Questions XAT Charts Questions XAT Quant Based LR Questions

XAT Verbal Ability Questions | VARC Questions For XAT

XAT Miscellaneous Questions XAT Grammar and Sentence Correction Questions XAT Vocabulary Questions XAT Para Jumbles Questions XAT Critical Reasoning Questions

Also Read

XAT Exam

XAT Syllabus

XAT Admit Card

XAT Cutoffs

XAT Eligibility Criteria

XAT Exam Dates

XAT Colleges List

XAT Registration

XAT Result

XAT Previous Year Papers

XAT 2025 Crash Course

XAT Mock Tests

XAT 2017 Question Paper

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

XAT Quant Questions | XAT Quantitative Ability

XAT DILR Questions | LRDI Questions For XAT

XAT Verbal Ability Questions | VARC Questions For XAT

Also Read

Free XAT Topicwise Questions

Login to your Cracku account

Hello! 👋

Ready to Unlock Your Success?

Please Enter Your OTP

Please enter the following details

Create a free Cracku account

Get Started with 5000+ Free CAT Questions & Mock Tests with Detailed Solutions!