Wells Fargo 'misled' investors about toxic sales culture, NY Attorney General says [CNN]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: CNN
These companies are trying to win back your trust New York (CNN Business) New York authorities blasted Wells Fargo on Monday for leaving investors in the dark about the toxic sales culture that spawned the bank's fake-accounts scandal. New York Attorney General Barbara Underwood accused Wells Fargo of making fraudulent statements to shareholders over many years about its business model and notorious sales tactics. The misconduct at Wells Fargo was widespread across the bank and at every level of management -— impacting both customers and investors who were misled, Underwood said in a statement . For years, Wells Fargo touted its ability to sell customers multiple products, an industry practice known as cross-selling. The bank regularly pointed to this sales success in its earnings reports as a way to grow revenue and retain customers. Read More But Underwood's office slammed Wells Fargo for failing to disclose to investors that its cross-sell prowess w
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WFC
News
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/25/24 - Form 424B2
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- WFC's page on the SEC website