The Rise And Stall Of Wells Fargo

U.S. regulators say Wells Fargo has repeatedly misled and overcharged its customers. These allegations have rocked the 170-year-old bank, which still stands as one of the largest lenders in the U.S. The Federal Reserve continues to uphold an unprecedented cap on the bank's assets in response to the government's findings. These ongoing legal issues have weighed on the bank in recent years, sending numerous employees and executives out the door.
Reports of fraudulent activity in Wells Fargo's sales department first surfaced in 2013. The bank opened at least 3.5 million fraudulent accounts for unwitting customers, according to researchers at the Harvard Business School. This and other issues have led the government to fine the bank repeatedly.
Experts said the government has wide authority to limit Wells Fargo, given the reputation senior management has earned for imposing demanding business goals on its workforce. These lofty goals may have led employees to engage in deceitful and at times allegedly illegal behavior.
In a statement to CNBC, Wells Fargo said the bank is revising its management, risk and control frameworks while changing the company's culture and policies. "They said, "there's more work that we must do to rebuild trust, and we are committed to doing that work."
Watch the video to see how the Wells Fargo scandal positions the bank in 2022.
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The Rise And Stall Of Wells Fargo

[@TomMcMorrow]

Went to school for finance and WF was banned from recruiting at our school because of its reputation in the industry.

[@thatzevy]

Our school is partnered with Wells Fargo😂 MSU DENVER hahaha

[@0J9M8]

How long ago was it?

[@amelsfr]

lol what a bs

[@Dangic23]

News flash All financial institutions , banks and non-banks, are as bad or worse than WF. ALL.

[@hyeronymus]

@@thatzevy that's great

[@francescadelight]

Getting approved has become pretty messy nowadays especially when you got bad credit history. I discovered the ad of a loan company “credit-synod" which gives personal & business loans to people at very low interest rates. I got about 38k from them and referred them to others in the family .

[@macdizzlefoshizzle]

I worked for World Savings Bank, which was a savings & loans bank until Wachovia bought them in 2006. Then Wells Fargo bought Wachovia in 2008. In those 3 years I witnessed 3 different work environments and cultures and Wells was the most disgraceful, disgusting and greedy of the three banks. The unethical practices we did on a daily basis just to keep our jobs was something I’ll never forget and never repeat. I’ll never do business with them again.

[@Lyerbait13]

Was Wachovia not bad or just not bad by comparison

[@Amitkumar-fp9no]

As per you most disgusting bank bought ur previous 2 bank 🏦 so basically ur old banks were good bcoz u disgraceful employees let them lose money bcoz u wanted to relax and enjoy even if it means that ur bank keep losing money 💰 wells Fargo bas right to pull u useless employee up, and the practice u r saying disgusting for wells Fargo is actually the best to extract best out of its employees and increase their profit interest so basically u r a disgusting employee and not Wells Fargo

[@gamej7946]

For Learning Purpose: What were some of the unethical practices that made them look bad?

[@saynotop2w]

I don’t work there but their tellers stand the whole time working for some reason, that includes those with back issues

[@jbar_85]

I can attest that. I went from Wachovia to Wells Fargo. Wachovia treated us amazing and Wells Fargo treated us with treats and crap!

[@seanipher]

As someone who worked in a regulatory role for Wells Fargo, I just thought I’d mention that no one on our team had accounts with the bank. Not a single person… Edit: to be fair, the team was less than 15 people. Still think it’s funny tho

[@chuckcullup1384]

I will never open an account with them way too many scandals

[@capincrunch1184]

I only have a checking because it’s free but I send all my money to another bank that gives me free savings lol I have like 3 dollars in my checking account tho

[@andrewbenson8842]

When I got married I asked my wife where her bank account was and she had it was Wells. She said they were withdrawing $3 on her account every month she didn't write at least 5 checks. She was in college at the time and only had like $100 to her name so $3 was a lot back then. We went to the bank the next day, withdrew all her money, and closed her account and opened a joint account at Zions Bank where they have never charged us a penny for overdraft fees or any other fee for that matter for over 16 years.

[@JasonB808]

@@capincrunch1184 Not good. Many banks have a minimum balance and if money goes below that point they can charge fees for that. Also if the fee is more than what is in account, the Over Draw protection kicks in which is basically a $500 protection for the merchant so that a merchant gets paid. This service is essentially a Lon so big time fees are charged when it’s used. So double the fees of falling below minimum and the over draft protection. This is a normal thing banks do and not a Wells Fargo scandal thing. Keep at least 100 bucks in there to avoid those fees.😅

[@capincrunch1184]

@@JasonB808 I only pay with credit cards there’s no way I’ll let my bank card get swiped credit cards have protection on them, I also don’t get charged as long as I have my direct deposit at wellsfargo.

[@fixieroy]

I encourage everyone to use a Credit Union. Even if not as your main bank, a backup/ second bank. Only because sometimes they can offer a better deal!

[@vinny-is-here]

Can I screenshot your comment and post it as my community post?

[@BUZZNIGHTYEAR99]

Except credit unions are more vulnerable to default compared to big banks. Your assets could be easily wiped in the case of a closure. Not saying it cant happen with big banks like chase or JPMorgan, but they would be bailed out by the feds before it happens.

[@benjaminanderson5176]

@@BUZZNIGHTYEAR99 credit unions are also insured to the same amount the federal government ensures banks. Instead of FDIC it is NCUA

[@JamesWilliams-jf3hd]

Credit Unions 😂 they are waaaaaaaay worse then your average bank cmon man

[@JamesWilliams-jf3hd]

Credit Unions are for (wait for it) L O S E R S 😂

[@madcow3417]

I heard the word 'illegal' a few times in this video. Did anyone face criminal charges for all this fraud? It's a bank, there are records of who did what.

[@thunderb00m]

yes, some were jailed but the higher ups were protected and got off with the bank footing the bill for the settlement. basically they threw the workers under the bus. classic corporate america

[@9mccloud]

They make a lot of transactions disappear.🙏🏿

[@-617-destroyer8]

Steal money in a suit and tie and you don't ever see jail. Nice system we have.

[@Victor-et8zs]

@@-617-destroyer8 they didn't steal it though. You literally gave it to them and allowed them. Is it unethical? Definitely, but they don't care as long as they have a yacht in the Bahamas lol

[@steveh9789]

They donate to certain politicians, a lot.

[@benvail6395]

I worked at another bank before this scandal broke that asked tellers to get a certain (reasonable) amount of sales referrals a quarter (sending a customer to a banker to open a new account of some kind, etc.). Right before I left they hired a new branch manager who came over from Wells. He told us that our referral targets were far too low, and that tellers at his old Wells Fargo branch had to get TEN TIMES more referrals per quarter than we did. I remember specifically replying in shock, "how are they able to do that without having to resort to something shady?" He was upset with my reply, and ensured me that I was dead wrong. When the scandal broke, it didn't surprise me at all.

[@bobbybaucom9440]

Have you ever watched the Senate hearings in which Sen. Warren questions John Stumpf? She crushed him, justifiably.

[@holyalmightycreatorgroup2015]

Help!!

[@holyalmightycreatorgroup2015]

Help!!!!

[@funkeeee]

No bank deserves their downfall like Wells Fargo. After what they did to vets/ army personnel and opening accounts saga, I hope things get worse

[@drippy_pics9086]

Took 16000 out my account there

[@xXMr.BushidoXx]

😂😂😂😂 lol ☝️☝️☝️

[@Pea-G]

And what exactly happened with vets opening accounts in Wells Fargo-?

[@MrTmenzo]

Oh no not muh vets!

[@JamesWilliams-jf3hd]

I love Wells Fargo. Ya’ll gotta be smarter and learn how to wield your money and power - no matter what status you are at. Only d u m m y s get sucked into these problems.

[@rollinwithunclepete824]

An immediate family member used to work at WF. WF bought out this family member in the past year. As soon as everything was processed and the buy-out completed, this family member moved all accounts out of WF. This family member worked for more 10 years at WF. He said, "Wells Fargo is F'ed Up!"

[@johnnyestrada4687]

I worked there over a decade ago, they used to force us to bring a new customer in once a week, usually family members. They didn’t even need to be there in person, all we needed was their personal info. I remember an elderly employee getting yelled at and her job threatened for not forcing a family member to open an account! If you didn’t bring a new account in, and/or meet your goals you would be in big trouble! Worked there for 7 years, customers liked me, and I made my goals the right way. I would never work there again. It was a nightmare. One time I didn’t meet my goal as a personal banker, and the district manager sat inches from me as I presented a young adult 3 accounts, I think that customer, opened the accounts because she saw my district manager in close proximity, just sitting there listening to our conversation. I got a compensation check, from the class law suit , but it didn’t make up for the PTSD that job caused

[@luisadrian408]

How much was the check?

[@johnnyestrada4687]

Six hundred and something… not near enough.

[@luisadrian408]

@@johnnyestrada4687 not enough for the stress you went to. Apply at Bofa I heard it’s decent there

[@dralfred2400]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

[@maryelvis3172]

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.

[@ericchk102]

I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.

[@dralfred2400]

@@ericchk102 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.

[@ericchk102]

@@dralfred2400 You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?

[@macherie9554]

@Peter Moore This is the Fourth time I'm seeing someone talking about Mr Gary as there are lot of testimonies about him, do you know him ? if yes , did you invest with him ?

[@CassidyListon]

I haven't set foot in a Wells Fargo in twenty years and somehow I have two Wells Fargo accounts. One for a home improvement project and one for my mortgage.

[@happyblt624]

@Deshan Douglas Millenia

[@benniebee7830]

I've never been in one in my life and I have 2 accounts... well everything is online now. I also have a BoA account even though there isn't a location in my state.

[@BewareTheLilyOfTheValley]

@@benniebee7830 Be careful about banking with banks not physically in your area. After a disasterous fraud issue with a prepaid bank and it taking 16 days to finally be resolved, I swore to never have my money in an account that isn't in my city. Had to also pay an additional $30 to have my new card expedited to me. I now just "bank" with a local credit union.

[@BewareTheLilyOfTheValley]

@@benniebee7830 Sure, if that suits you. I do online banking and almost never go inside, but when something goes wrong, it's good to be local to have it resolved quicker.

[@HermaeusM]

I BLOWS MY MIND why anyone does business with a company that scams their customers like that. And even worse retaliates against their own entry level employees who are speaking up. That’s disgusting. Execs should have all their personal assets frozen and go to prison for ruining peoples lives. Just go to your local credit union… you’ll never look back

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@DUKETACTICS333]

@@lanamarie3626 ??? You ok..

[@DiamondTheGameChanger]

In my opinion they’re great with banking but not great with mortgage or businesses if you’re just looking for casual checking. I have a casual checking account with them however my main bank is Discover bank. But Wells Fargo is great for basic checking according to me and several others they’re just not great when it comes to businesses and mortgages

[@Acteaon]

Imagine the unreasonably insane pressure to have to sell products people don’t want.

[@JamesWilliams-jf3hd]

😂

[@JamesWilliams-jf3hd]

It’s like - get another job 🤦

[@Acteaon]

@@JamesWilliams-jf3hd totally!

[@person-ug9zq]

@@JamesWilliams-jf3hd its like sometimes thats not an option! go to the stick a fork part of the USA and see how many banks per town you see. You wanna take a paycut to go work at walmart? come on now.

[@Johnrl21]

Have done business with them since 2018….No issues at all on my end….Service has been good

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@jbar_85]

I worked at Wachovia for a few years and then Wells Fargo. Two different company cultures. Wachovia treated us with respect and Wells Fargo treated us like sales slaves for “solutions”. Threatening my job all the time. The hardest part Wachovia management teams how to transition to was the sales pressure to their teams below them. They had a had time themselves. I never opened fake accounts to keep my job, I was a teller. Did I refer new accounts- when needed and obvious. I wasn’t a sales person and that’s the problem. Wells Fargo thought we were insurance agents and they wanted more and more policies! One of the worst work environments to work in. Jump into January was a nightmare!

[@onebridge7231]

Lol! Wachovia was bought by WFC because Wachovia was failing during the Great Recession because of the bad mortgages they bought. Wachovia bought AG Edwards in my hometown of St. Louis and fired 300 researchers in which the leaders were against the buyout because of Wachovia’s poor risk analysis over investments. Wachovia had sub-par managers at best. WFC was ruined once they were bought out by Norwest and the Norwest managers ruined the company tarnishing the Wells Fargo brand. WFC has sub-par middle level management, but the C-Suite is a complete turnover of JPM executives.

[@johnnyestrada4687]

I remember that acquisition, I felt so bad for the Wachovia people, a lot of them were laid off too. WF is the devil

[@jbar_85]

@@johnnyestrada4687 Wachovia was amazing overall. My first bank job was them. It was a great start and we genuinely cared about giving excellent customers service and the sales would come in naturally. Wells Fargo, it was like working at Saks- “How many sunglasses have you sold today?” “Okay, well, that’s not enough. They need the accessories and 2 more pairs of glasses.” “Okay, well, now they need their family members and friends to do the same.” Aka they were brainwashed a lot of the Wells Fargo teams. Watching Elizabeth Warren Grill their asses was Justice to me. Complete Justice.

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@holyalmightycreatorgroup2015]

Help!!!!

[@autumnrain1892]

Wells Fargo has opened up a load of call centers overseas and cut hours for their U.S. reps because they don't need to pay people overseas as much. They are closing U.S. call centers, laying people off, and moving everything (besides customer service for the rich) over to India or the Philippines. Idaho call center is closed, Utah Everyday Banking is now closed. Everywhere else to follow. This is exactly what American Express did. It's sad when the people that got them through all their underhanded deals have their job shipped overseas. WF cares about their investors and the bottom line. They don't care about small accounts or their people. Just be kind to your reps when/if you call. They are scared that they are next.

[@jamescachola4389]

I'm a fil rep and yeah we just follow rules. Nothing personal but we always get yelled at by callers which is part of the job, I guess..

[@holyalmightycreatorgroup2015]

Help!!!!

[@jeffreyradick6486]

As a consumer not in the banking industry, how do I know which banks *aren't* run by crooks? I don't want to keep my accounts at Wells Fargo, but how do I know if any alternative is any better? But more: I really want to know why people aren't in jail. This is how law enforcement works in this country. If a poor person commits a crime, then limitless brutality is ignored. If a bank rips people off systematically for over a decade, it's at worst "oh please Mr. Criminal, let us punish you a little bit" and the fine amounts to the metaphorical loose change behind the company's sofa cushions. The company should forfeit every penny they made from their illegal activity, and then a penalty should be on top of that; otherwise the company has made a net profit from their criminal activity. If the executives knew, they belong in jail. If they didn't know, then they're incompetent and shouldn't be allowed in any position of fiduciary trust. If the board of directors knew, they're accomplices; if they didn't, they were failing in their oversight and shouldn't be allowed to be on any board of directors. "What about the shareholders, they didn't do anything wrong ...". Yeah, well they shouldn't vote to put crooks in their executive suite or BoD. I'm really outraged that people in positions of authority always find a weasely mealy-mouthed B.S. excuse for the inexcusable, and the media and the voters always find a reason for shrugging our shoulders and looking the other way.

[@MovieJustin]

Capital One has no fees, physical locations, atms, free checks and high yield savings 🤷🏽‍♂️

[@e-spy]

very well said!

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@DeeDubious]

Wells Fargo has been the only bank ive had no issues with but thats just my experience thus far

[@angelascencio5685]

Yeah, same. I love my WF 😅

[@skmanunited]

Same for a decade now I left BoA bc of issues but everyone’s experience is different

[@A22DNAL]

Valid point. Everyone has a different experience and I wish sometimes stories like this would speak to that. I used to work for BofA and wouldn't deposit a dime if I had it to give to that place.

[@e-spy]

recently, I went into my local branch because I had to. I had a big check to deposit that the bank needed to approve. I stood in line over an hour with only 3 people in front of me. One teller, no one else, no bank managers, no bankers, no helpful person at the door that used to be, no security guard. Then the teller told me I needed a banker for my transaction, and I had to go online to make an appointment. I went home, and no appointments at the branch! I ended up going to a different one where they had scheduled two other people for my appointment time! The banker told me that they were very short handed, but wells fargo is unwilling to hire more people. So just wait; they are going to screw you over too in the end.

[@texasbelle333]

@@e-spy yep, I didn’t have a problem with them for YEARS until 4 months ago. Now I would NEVER recommend anyone to bank with them

[@pushitsomewhereelse]

As a teller of Wells Fargo and a teller at chase, it comes down to luck, some people has no issues while other can be plagued with issues, but we have great benefits!

[@___Anakin.Skywalker]

How much is your salary

[@franwex]

@@___Anakin.Skywalker here in California Chase tellers start at around $25 an hour.

[@holyalmightycreatorgroup2015]

Help!!!

[@GunnyPhillips]

This behavior should surprise no one and Wells Fargo could not possibly be alone within their industry regarding these types of practices The fact is there is zero incentive for these executives to serve a public whose only way of rewarding them is with continued, blind allegiance. Absent any moral conscience, they take their chances in the areas where incentives do exist, such as criminal behavior, knowing that even if they're caught the punishment will be comparably minimal, as demonstrated here. "Limiting their growth" took away neither these executives freedom or multi-million dollar salaries. Our government allows the cycle to continue and we allow our legislators to remain in power. "We collectively get what we deserve."

[@jeremytheoneofdestiny8691]

Me: “WF sucks, I’ll never use them again.” Also me: “wait whaat? 2% cashback card? Sign me up”

[@PhyuckYew]

Clearly that's me.

[@2ocelyn]

Discover is 5% cash back for different things quarterly 😏

[@caydenthompson126]

@@2ocelyn same with Chase

[@JamesWilliams-jf3hd]

😂

[@JamesWilliams-jf3hd]

Yea. BOA also. You gotta master that quarterly benefit. Right now I’m getting 5% on everything via Discover just for using Apple Pay.

[@M-9Mia]

Good to have this in the KZbin archive so we can look back at what happened.

[@RT-mm8rq]

A friend of mine had his car loan from a different local bank that was taken over by W/F. He paid his car OFF and had the paperwork to prove it, the bank said he owed more and asked them to explain the additional charges. WF could not give an explanation other than that's what the computer said. He told them he wasn't going to give them anymore money without an explanation, within a couple of days they repoed his car. Apparently they did this to alot of people and they won in a class action lawsuit. He got less than a thousand for a vehicle that was worth at least 5k. I don't care if WF offers a better deal in any future business transaction, I will not use them.

[@contact.-milano_spycrack.on-iG]

☝️☝️🔝 I am so glad he didn't disappoint me after I explained my order and the situation I was facing, Glad he raised me $800 That was hacked from my Wf account hit the name above and explain your problem he will help you

[@MONi_LALA]

Ever since the scandal, I promise myself not to do any business with them and I told everyone I know to do the same

[@contact.-milano_spycrack.on-iG]

☝️☝️🔝 I am so glad he didn't disappoint me after I explained my order and the situation I was facing, Glad he raised me $800 That was hacked from my Wf account hit the name above and explain your problem he will help you

[@tjzofficial1]

Not to mention the fake interviews that were being held

[@holyalmightycreatorgroup2015]

Help!!!

[@fatimaalerou5247]

I used to have a credit card with well Fargo. I would use it for small purchases, but always paid it off. Then I would turn it off when I didn’t need it. Somehow, I was charged a fee for prime while my card was shut off. I had to call several times and get 5 replacements before they took off the charge. But even then I still got charged for a prime membership I do not have. As soon as they cleared the charges, I closed my account even with pushback so yeah WF is a load of 💩 and they deserve all their losses

[@JamesWilliams-jf3hd]

You are what we call a SPECIAL NEEDS CUSTOMER 😂 did you ride the short bus 🚌 growing up?

[@Joyyyyyyyyyyyyyyyyyy]

Was it easy to close your account with WF?

[@AMGBVG1369]

Rise and stall? Well that’s the first time as far I heard a company does that

[@supershadowan]

🤣🤣🤣

[@cjezinne]

Fed is preventing them from growing

[@fixieroy]

Its because the govt has restricted Wells Fargo from expanding any of its assets. So its basically stuck where its at until its cleared.

[@athos1974]

A credit union is a much safer alternative to any traditional bank.

[@avgjoeavglife]

I have to agree

[@MrTmenzo]

Downside is limited ATM access.

[@athos1974]

@@MrTmenzo Well I do all my banking online, so that's not an issue for me. It might be a problem for other people though.

[@thunderb00m]

@@MrTmenzo who uses cash anymore ?

[@ryugurena3327]

@@thunderb00m I need cash for drugs

[@thebrownguy79]

I opened an account with them about 15 years ago. At the time, they insisted on having a second account tied to the original. They’ve delayed processing deposits of CASH by two days. Deposits that happened face to face with tellers within the damn branch. I hope they go down in flames for their actions!

[@JamesWilliams-jf3hd]

You were just a f o o l - that’s why they treated you like that 🤷

[@e-spy]

they used to hold my paycheck for 10 days. that was years ago, of course.

[@historylife4436]

Carrie Tolstedt was the head of retail banking and the bank did a jump into the new year each year in January and you were expected to hit 25% of your yearly Motivator (our daily tracker) goals in one month of the year. You had daily check in in the mornings and at night. This was pushed in the local stores not branches because we sold financial products…John Stumpf. Yes eight is great only because he could find anything to rhyme with 10!

[@jbar_85]

Yep- Jump into January was miserable! Yes, they called them stores! I found that so odd but soon I realized why…I wonder if they call them that still?

[@thomasridley8675]

When profit is the main motivator and sign of success, this type of stuff will continue too happen. And Wells Fargo isn't the only bank to ever put profits over integrity. So every bank should be under a microscope. And the fines should included claw backs on 100% of their bonus packages.

[@justinwahip]

most of the other banks scandals much worse. Fake accounts only hurt the stock holders who want the news that wells fargo opened 1000 new accounts in jan.

[@pushitsomewhereelse]

We don’t get bonuses anymore

[@thomasridley8675]

@@pushitsomewhereelse Good to know ...thanks !

[@phillyphil1513]

#BANKOFAMERICA

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@A22DNAL]

I feel bad for the consumers who really got duped with this fraudulent account scandal but I will say, as a consumer, watch what you sign and are agreeing to. I've seen people with HELOCs who have credit cards they "didn't know they had" and trust me, even in it was buried, they told you you were getting one. Pay close attention to the Three-Card Monty!

[@holyalmightycreatorgroup2015]

Help!!!!

[@DVSandpiper]

I'll never go back to Wells Fargo after they defrauded me

[@mabec]

Farewells Fargo

[@quiet451]

I still have extra accounts open from Wells Fargo that they won't let me close without leaving.

[@rd9102]

Wells Fargo is reshaping itself and it had to. I sold out of it a couple of years ago after they reinstituted the dividend but at a severely lower rate but they are doing what is needed to be done and heading in the right direction, while i still haven't grabbed any shares i am still watching it as it reshapes itself, either way it is heading in the right direction.

[@steventravels4035]

I currently work for Wells Fargo and one of the things that we are always reminded of is to mitigate risk to prevent what happened. I can safely say is that Wells Faro is really trying to improve. Though one complaint I have is that some of the supervisors in my office don’t listen to their employees about some very small risks that could be resolved really easily

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@GoldPeakLLC]

They’re trying hard to move back into a sales focused company. Can just fun a for profit bank non chalantly. Sucks people there have to make bank sales and at the same time deal with the consequences of the banks past

[@DannyPollard-tw2fn]

Kindly dm to learn on how to invest with you debit card or credit card, dm via telegram❤

[@DannyPollard-tw2fn]

❤ @BANKINVESTMENTT

[@azerbaycanazerbaycan1328]

Salam men bu bankdan para qazanisam bilmirem menecer mene ulvan adimi harda qalursan sorusdu dediki yaxin gunlerde size pulu bank yolule verilecek mende Azerbycanda qaliram siz arasdira bilersiz menim orda pullum var ya yox

[@weirdshibainu]

I had a business account, payroll service , personal checking an savings account. It took me 2 days and a senior manager to close out my accounts...they had every excuse about how they couldn't process it. All the accounts were in good standing and had been the entire 8 years I banked with WF. I'll never go back.

[@davidcantor293]

Okay an "Average" of 25% pay increase really gets skewed when the million dollar increases for the higher-ups are the ones that bring that percentage up.

[@fraction2705]

me calling wells fargo: i want to verify transactions on my account wells fargo: we'll open 2 new checking account, a credit card and a loan offer. I''ll connect you now to a sales specialist

[@132elr]

I still hear people saying that it was the workers' fault, and that they got paid out well for opening accounts. That's bs. The incentive to do unscrupulous things was keeping your job. The bonuses paid out for hitting sales goals were like 300 bucks a quarter, and maybe some stupid plaque

[@angelamoore8161]

The best way to rob a bank is to own one

[@mirabella2154]

"Stall"? 🤣

[@whyguitarguy1]

I thought it might have been a typo but something told me to watch the video. Lol It's not though. They say the growth stalled out eventually.

[@babehc]

I applied for wells fargo credit card not too long ago and they asked for my paystub. Wtf? Never have I had to provide paystub to obtain credit cards. I have several credit cards with good credit score. Then I went to their branch to close my checking account with them, they told my they couldn’t because there were no bankers at the time. No bankers at 2 pm on a Tuesday? You serious? And why on earth do they need a banker to do that? A teller at Chase closed my chase checking account for me.

[@user-nm4xe8zu8z]

Good work on the video.

[@kxmode]

I bank at a regional credit union. It is a day and night difference from the monthly visits to Wells Fargo to pay my mortgage. That said, the teller staff at Wells Fargo is amicable and professional.

[@jbar_85]

We tried our best under the most toxic work environments.

[@USAads2023]

Why nobody got jail?!

[@maverickjones9418]

Worst bank ever. Will never use them, and I’ll instruct my kids and their kids not to also. I don’t even invest in mutual funds that hold wells.

[@lockhamj]

Damn another scandal,

[@tyroberts2261]

The assumption of banking regulations is that in a financial emergency the better banks will take over the failing banks and it’s superior culture will take over. What happened in 2008 was the culture of the inferior banks took over. Bank of America, Wells Fargo and others are not nearly as well run as they used to be. Instead of looking at the one failure, instead of a system built on false assumptions. Which doesn’t mean that Wells Fargo shouldn’t be punished. Bank of America is the greatest bank in history. It is terrible now.

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@harrypaez2796]

Couldn’t happen to a more evil bank. Sink, baby sink!

[@bigpoppaeffy3380]

So does this mean I should change my bank?

[@clementecruz285]

That is why I kept all my receipts… they tried stealing my house saying I wasn’t paying any payments …. So I was glad to have been saving all my bank payments recipes….

[@yellowbird5411]

I was with Wachovia Bank when Wells Fargo took over. It was always an issue about when a check deposit from my rents would clear (which could take days) as opposed to when my personal checks would come in to pay my bills. Why did it take days to give me credit for deposits, but only hours for debits? I remember wrangling with one of the tellers about the fact that the money was already there when my checks would bounce. "It's not cleared yet," is what they would tell me. Thing is, they could never tell me when the deposits WOULD clear. They were vague. Even though they were forced to change that "policy" of dragging their feet on deposits, I never saw a penny of late charges returned to me. It was around the same time that it came out that they were creating fake accounts, and opening accounts in customer's names that they never asked for. I was hoping the bank would be forced out of business by the federal government, but the crooks were allowed to continue to work it.

[@DannyPollard-tw2fn]

Kindly dm to learn on how to invest with you debit card or credit card, dm via telegram❤

[@DannyPollard-tw2fn]

❤ @BANKINVESTMENTT

[@jbar_85]

I believe once the cap is removed, they will do the same things all over again but another version.

[@residentevil4life]

This bank honestly deserves to burn to the ground after all the scummy things they have been exposed for doing in just the last 5 years alone. I can understand anyone who is locked in but you'd have to be nuts to open an account with them now

[@thepeff]

So I've been following this story for many years, who's going to prison?

[@carlfromtheoc1788]

Really nothing will change until C-suite executives are doing perp walks and doing time in federal prison. Until then, any fines are just a cost of business and priced into everything they do.

[@JamesWilliams-jf3hd]

Bank Tellers make as much as 7-11 and McDonalds employees 😂

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@miralomagal]

I think it is inaccurate to say the Wells Fargo Bank employees did this. The supervisors and managers would stand over the employees of the bank and coerce them into opening accounts customers never wanted or asked to open. It was rewarded if a customer service rep transferred a customer to another department to sell them more products. It was a toxic work environment that a family member of mine would not participate in because it was dishonest and despicable. Sadly most of the employees did as they feared losing their job. The pressure to make the goals came from the top (now fired) down to the managers/supervisors. It used to be a good place to work.

[@eddymarino2964]

It's also one of the worst banks.

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@josuelopez3145]

I recently switched to chime and chase. Now I’m just mad that I didn’t have to deal with them in the first place

[@Financierpro1]

Never wanted to open an account with them or Bank of America

[@traviscarlisle783]

Great information. But whats the name of the song playing, in the beginning, starting at 1:38? It's SO CHILL!

[@lanamarie3626]

Hello 👋 How are you doing ???❤.

[@adnansiddiqui6575]

WFB is a Great Brand with hardworking middle managers and staff. Unfortunately, Charlie is missing the point of identifying the problem with his retail banking senior management team. The problem still exists with his executives three levels down from him. RPs and the two levels above need to be restructured and managed in a much effective manner. Lots of favoritism and mismanagement prevail at the highest level.

[@contact.-milano_spycrack.on-iG]

☝️☝️🔝 I am so glad he didn't disappoint me after I explained my order and the situation I was facing, Glad he raised me $800 That was hacked from my Wf account hit the name above and explain your problem he will help you

[@kayajackson50]

Don’t miss Wells Fargo. I will never go back

[@iamgermane]

There was a competitor of Wells Fargo that had its CEO declare that any employee who talks badly of Wells Fargo would be fired.

[@iamgermane]

Wells Fargo was a regional bank until Norwest Bankcorp. bought it and assumed it's name. That is why Wells Fargo has so many operations in Minneapolis.

[@phillyphil1513]

Corestates to First Union to Wachovia to Wells Fargo

[@contact.-milano_spycrack.on-iG]

☝️☝️🔝 I am so glad he didn't disappoint me after I explained my order and the situation I was facing, Glad he raised me $800 That was hacked from my Wf account hit the name above and explain your problem he will help you

[@ceuser3555]

So many branches but it is all structure, no staff, no walk-in bank services, pretty useless if you ask me.

[@Dangic23]

Problem with US business thinking is the pursuit of unlimited growth. That’s unrealistic. Build something good, sustain it, take care of employees and customers, and you will last forever. Shareholders should be content with a steady dividend payout, and not be looking into quarterly growth false expectations

[@vamshikrishna5862]

Why are they bringing up very old news now??? Did someone pay CNBC to bring up this old repeated news today?

[@lilhomeinvasionvomez8534]

So which is the best bank to get with then ???

[@contact.-milano_spycrack.on-iG]

☝️☝️🔝 I am so glad he didn't disappoint me after I explained my order and the situation I was facing, Glad he raised me $800 That was hacked from my Wf account hit the name above and explain your problem he will help you

[@ms.reonalove9408]

Anytime y'all freeze Wendy Williams account it's clear that they're scandalous.

[@Sam-M7]

I’m sorry but one would have to be pretty stupid to bank with WF or BoA.

[@nickolenaturcotte3540]

The comments are interesting, I personally have a few accounts with them and Im always happy with my experience for years... Idk but a few times they also covered me when fraudulent activities tried to happen , they blocked it, so, I will continue to use them🙂

[@patrickwayhales8453]

Kindly dm to learn on how to invest with you debit card or credit card, dm via telegram❤❤

[@patrickwayhales8453]

❤❤ @BANKINVESTMENTT

[@fredcarter7003]

They still are proud of their stage coach

[@fluxfaze]

Most toxic bank I ever made the mistake of doing business with.

[@robertmueller2023]

Hello my bank! It's me. The guy.

[@MOBMJ]

I much rather own citi stock rather than Wells Fargo stock these days. They have completely messed up with their PR on the fake accounts, and no matter how much they fix it, or reinvent themselves. No one will ever forget the fake account scandal.

[@contact.-milano_spycrack.on-iG]

☝️☝️🔝 I am so glad he didn't disappoint me after I explained my order and the situation I was facing, Glad he raised me $800 That was hacked from my Wf account hit the name above and explain your problem he will help you

[@MyFavoriteColorIsBLUE]

I've banked with Wells Fargo for over 25 years, and never had one problem. So, this fan is happy 😊

[@jayrob846]

Whats the most u had in there at one time $50?

[@justinwahip]

same

[@MyFavoriteColorIsBLUE]

@@jayrob846 50k

[@Steeezecake]

Me too!

[@joseortiz1633]

Finish paying my 15-year mortgage with Wells Fargo never had a problem👍

[@truckingwithtobee]

You tell me why none of these workers or CEOs are in prison right now? And then any of us regular people did anything like this we would be in prison for a very long time.

[@Phlegethon]

This is what happens when you finally manage to get regulators to do something

[@DannyPollard-tw2fn]

Kindly dm to learn on how to invest with you debit card or credit card, dm via telegram❤

[@DannyPollard-tw2fn]

❤ @BANKINVESTMENTT

[@Seanpfree]

Make 30 billion illegally pay 3 billion in fines.. only in this fine country does that make sense.

[@lanamarie3626]

Hello 👋 How are you doing ???❤.

[@dutchuncle2716]

What I wonder, has anybody gone to jail for that? Wasn't the previous CEO just head of a criminal orginazation? RICO charges for all the top magement of WF I say!

[@tamilhoward9708]

So glad I don't bank with them anymore.

[@contact.-milano_spycrack.on-iG]

☝️☝️🔝 I am so glad he didn't disappoint me after I explained my order and the situation I was facing, Glad he raised me $800 That was hacked from my Wf account hit the name above and explain your problem he will help you

[@lanamarie3626]

Hello 👋 How are you doing ???❤.

[@gustavomorales9213]

I will never again open an account at WF, we the people have the power and must teach this bstrds a lesson and i urge you not to do so as well.

[@lanamarie3626]

Hello 👋 How are you doing ???❤.

[@Niko-1004]

Massive layoffs and now they give employees work that cannot be completed in 8hr day. There is no overtime. Forced to work OT without pay or get sacked for not completing work.

[@cool1503]

Inspite of this news bank is still functioning and standing. Poor regulatory supervision by banking Regulator. Opening fake accounts also leads to money laundering..

[@apl175]

"Eight is Great!" All customers need to have at least eight active accounts at Wells.

[@antonioreid534]

Not once were the Wells Fargo executives ever called “thugs, gangsters, or super-predators,” despite engaging in cartel and gang life behavior. No police shot and killed any executive during any arrest. I think somebody’s mom yelled at someone for all this. Talk about moral hazard

[@TheNightstang]

If nobody went to jail for any substantial amount of time then this is a waste of more of our money and time. If the rich can pay a fine and never go behind bars then they are just paying a fee to break the law. If you charged a $1000 fine for stealing $10000 then they will never stop stealing.

[@lanamarie3626]

Hello 👋 How are you doing ❤❤.

[@victoriaaddai625]

It's even a worse situation?!! Paying yourselves huge sims of money from your customers

[@robertmueller2023]

Irrelevant charges, says my local manager? I have all the hard copies from 2003-04. And they totally exonerate me. I save everything.

[@NHSSHINOBI]

Chase and Wells Fargo and many others experience scandal after scandal but it seems they are still trusted by some, to which I cannot wrap my head around why.

[@supermario9629]

Wells Fargo is the worst bank I ever have

[@Renram22]

So what's the next best big bank to use? I use 2 military banks and 1 local credit union. I would like to use one big bank but i feel like i want to drop wells fargo

[@patrickwayhales8453]

Kindly dm to learn on how to invest with you debit card or credit card, dm via telegram❤

[@patrickwayhales8453]

❤ @BANKINVESTMENTT

[@asphaltandtacos]

I am switching to a credit union or a community bank.