By Peter Jon Shuler, KQED News Fix
Senior management at San Francisco-based Wells Fargo contributed to a failure of culture that tarnished the bank’s reputation and injured customers, according to a scathing report released Monday by the bank’s board of directors.
The findings of the report are the result of an investigation launched by a committee of board members last September following revelations that bank employees had opened millions of unauthorized accounts to meet aggressive sales goals.
Read the complete story at KQED News Fix.