• News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts

    From CNN Breaking News@VERT to no-reply@siteservices.cnn.com on Thu Aug 31 07:14:40 2017
    Wells Fargo says a deeper dig into the bank's broken sales culture has found a total of up to 3.5 million potentially fake bank and credit card accounts[1], up from its earlier tally of approximately 2.1 million. The additional 1.4 million fake accounts were discovered by a previously announced analysis that went back to January 2009 and that reviewed the original May 2011 to mid-2015 period.

    The bank also discovered a new problem: thousands of customers were also enrolled in online bill pay without their authorization. The review found 528,000 potentially unauthorized online bill pay enrollments.

    Wells Fargo has blamed the scandal, which began last September, on unrealistic sales goals placed on employees.

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    [1] http://money.cnn.com/2017/08/31/investing/wells-fargo-fake-accounts/index.html
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  • From Denn@VERT/OUTWEST to CNN Breaking News on Thu Aug 31 08:14:31 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: CNN Breaking News to no-reply@siteservices.cnn.com on Thu Aug 31 2017 07:14 am

    Wells Fargo says a deeper dig into the bank's broken sales culture has found a total of up to 3.5 million potentially fake bank and credit card accounts[1], up from its earlier tally of approximately 2.1 million. The additional 1.4 million fake accounts were discovered by a previously

    And yet people still bank with this Bank?

    "... - .- --. .-.. .. -. . --. --- . ... .... . .-. ."

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    ■ Synchronet ■ the Outwest BBS - outwestbbs.com Telnet - outwestbbs.com:23
  • From Denn@VERT/OUTWEST to CNN Breaking News on Thu Aug 31 08:19:14 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: Denn to CNN Breaking News on Thu Aug 31 2017 08:14 am

    "... - .- --. .-.. .. -. . --. --- . ... .... . .-. ."

    OK the tagline generator keeps adding ... even though ... is not in the tag weird.
    it should read - .- --. .-.. .. -. . --. --- . ... .... . .-. .
    Hams would know what this tag says.

    "... If you want to look young and thin, hang around old, fat people."

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  • From Denn@VERT/OUTWEST to CNN Breaking News on Thu Aug 31 08:25:50 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: Denn to CNN Breaking News on Thu Aug 31 2017 08:19 am

    OK the tagline generator keeps adding ... even though ... is not in the tag weird.
    it should read - .- --. .-.. .. -. . --. --- . ... .... . .-. .
    Hams would know what this tag says.

    Ok the tag generator adds ... to all tags so I have fixed the tag I have.

    "... -> - .- --. .-.. .. -. . --. --- . ... .... . .-. . <-"

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  • From Mro@VERT/BBSESINF to Denn on Thu Aug 31 17:50:57 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: Denn to CNN Breaking News on Thu Aug 31 2017 08:14 am

    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: CNN Breaking News to no-reply@siteservices.cnn.com on Thu Aug 31 2017 07:14 am

    Wells Fargo says a deeper dig into the bank's broken sales culture has found a total of up to 3.5 million potentially fake bank and credit card accounts[1], up from its earlier tally of approximately 2.1 million. The additional 1.4 million fake accounts were discovered by a previously

    And yet people still bank with this Bank?

    they are on the way out.
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  • From Leregard@VERT to Denn on Fri Sep 1 07:12:28 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: Denn to CNN Breaking News on Thu Aug 31 2017 08:14 am

    And yet people still bank with this Bank?

    They're too big to fail.

    They could shoot someone on 5th Avenue and people would still bank with them.

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  • From Roadhog@VERT/OUTWEST to Leregard on Fri Sep 1 08:19:39 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: Leregard to Denn on Fri Sep 01 2017 07:12 am

    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts

    And yet people still bank with this Bank?

    They're too big to fail.

    Actually they're not to big to fail, I will make a bold prediction here within two years they will be either bought out by another bank or they will change their name.


    They could shoot someone on 5th Avenue and people would still bank with them.

    If people continue to bank with Wells Fargo then they deserve what they get!
    I bank with a local Credit Union and have for many years I would never bank with a regular Bank again.

    "... Press CNTRL + ALT + DEL for a FREE IQ test!"

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  • From Leregard@VERT to Roadhog on Fri Sep 1 12:38:02 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: Roadhog to Leregard on Fri Sep 01 2017 08:19 am

    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts Actually they're not to big to fail, I will make a bold prediction here within two years they will be either bought out by another bank or they will change their name.


    I googled it just now, and their stock is up 0.05 points. :)

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  • From Leregard@VERT to Roadhog on Fri Sep 1 12:41:04 2017
    Re: News Alert: Wells Fargo uncovers up to 1.4 million more fake accounts
    By: Roadhog to Leregard on Fri Sep 01 2017 08:19 am

    Actually they're not to big to fail, I will make a bold prediction here within two years they will be either bought out by another bank or they will change their name.

    It seems possible, likely even, that the kind of people who buy and sell bank stocks would see their willingness to defraud their customers to meet sales targets as a big plus.

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