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

Share

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. 

Get AI Help

View More Questions From Old Current Affairs

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 Venn Diagrams QuestionsXAT Logarithms, Surds and Indices QuestionsXAT Inequalities QuestionsXAT Geometry QuestionsXAT Profit and Loss Questions

XAT DILR Questions | LRDI Questions For XAT

XAT Quant Based DI QuestionsXAT Quant Based LR QuestionsXAT Data change over a period QuestionsXAT Puzzles QuestionsXAT Selection With Condition Questions

XAT Verbal Ability Questions | VARC Questions For XAT

XAT Para Jumbles QuestionsXAT Miscellaneous QuestionsXAT Grammar and Sentence Correction QuestionsXAT Reading Comprehension QuestionsXAT Critical Reasoning Questions

Free XAT Topicwise Questions

XAT Number SystemsXAT Data Interpretation BasicsXAT Para SummaryXAT Grammar and Sentence CorrectionXAT BiologyXAT Progressions and SeriesXAT Time, Speed and DistanceXAT Invention and DiscoveriesXAT Indian National Static GKXAT Capitals and CurrenciesXAT Data InterpretationXAT VocabularyXAT Linear EquationsXAT GKXAT Functions, Graphs and StatisticsXAT DI with connected data setsXAT Science and TechnologyXAT Special ChartsXAT InequalitiesXAT BusinessXAT Para JumblesXAT ArrangementXAT Decision MakingXAT Quadratic EquationsXAT Critical ReasoningXAT HistoryXAT Venn DiagramsXAT Truth Lie ConceptXAT ChartsXAT SchedulingXAT Reading ComprehensionXAT Politics and GovernanceXAT Quant Based DIXAT Probability, CombinatoricsXAT Games and TournamentsXAT Books and MoviesXAT Logarithms, Surds and IndicesXAT People and AwardsXAT Data SufficiencyXAT PuzzlesXAT ChemistryXAT Averages, Ratio and ProportionXAT Quant Based LRXAT GeometryXAT GeographyXAT Data change over a periodXAT Current AffairsXAT SportsXAT CultureXAT International GKXAT MiscellaneousXAT Selection With ConditionXAT Profit and LossXAT EconomicsXAT Important Organizations

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored
CAT mentor

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now
Ask AI