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5,300 Wells Fargo employees fired

 
Nuke SF
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09/08/2016 04:03 PM
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5,300 Wells Fargo employees fired
Ha Ha

Everyone hates paying bank fees. But imagine paying fees on a ghost account you didn't even sign up for.
That's exactly what happened to Wells Fargo customers nationwide.
On Thursday, federal regulators said Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts -- without their customers knowing it -- since 2011.

The phony accounts earned the bank unwarranted fees and allowed Wells Fargo employees to boost their sales figures and make more money.
"Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses," Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement.

50% rule yada yada

money. cnn. com/2016/09/08/investing/wells-fargo-created-phony-accounts-b​ank-fees/index.html
rafa
User ID: 46447303
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09/08/2016 04:10 PM
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Re: 5,300 Wells Fargo employees fired
That is what happens, when companies only care about sales, profit, how many accounts you open..... and not about customer service

Everyone is measured on their performance and not customer service.... and your promotions are based on your performance....
Anonymous Coward
User ID: 35347194
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09/08/2016 04:11 PM
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Re: 5,300 Wells Fargo employees fired
before the WIKILEAKS?
Orthodox

User ID: 25804199
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09/08/2016 04:12 PM
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Re: 5,300 Wells Fargo employees fired
bump
Hebrews 2:3 “how shall we escape if we neglect so great a salvation”
Anonymous Coward
User ID: 62879216
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09/08/2016 04:15 PM
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Re: 5,300 Wells Fargo employees fired
I have a credit union. Fuck the other banks
Jella

User ID: 70720051
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09/08/2016 04:16 PM
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Re: 5,300 Wells Fargo employees fired
There will be a yugggge fine coming for this corrupt debacle.
Jella
Anonymous Coward
User ID: 72942207
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09/08/2016 04:21 PM
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Re: 5,300 Wells Fargo employees fired
And a few top Executives got bonuses for firing them.
Then they also take some of the savings and pass it to their puppet politicians
Anonymous Coward
User ID: 72064481
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09/08/2016 04:23 PM
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Re: 5,300 Wells Fargo employees fired
That is a lot of corrupt ass employees.

Fucking loser scum, I hope karma bites these bitches big time.

Don't fuck with my bank account!
Anonymous Coward
User ID: 70681252
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09/08/2016 04:25 PM
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Re: 5,300 Wells Fargo employees fired
I have a credit union. Fuck the other banks
 Quoting: Anonymous Coward 62879216


Credit Unions suck ass too, I know I work for one!!!
Anonymous Coward
User ID: 46447303
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09/08/2016 04:28 PM
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Re: 5,300 Wells Fargo employees fired
Macy's employees do it, too.

Try to get customers to open a Macy's account. Even by lying to customers.

They even want you to get customer phone numbers into Macy's database.... with the account number and the customers address.... when the person checks out and to call them on a daily bases....

But wouldn't send extra people.... when the lines are busy.

Employees have a score card.... daily goals. Even if you are not on commission.

How many items sold per transaction. How many accounts you opened... all that gets tallied up.... and you get fired if your score is constantly low.

On top of all that you are expected to clean up. Check the fitting room hourly. Get supplies for your register. Bring merchandise from the stock room on the sales floor.... set the displays up for the sales....

And help the customers of course... and carry outs

Been there... done that....

Doing the job of a merchandise manager and the job of a sales manager as well as the job of a support associate.... when you are only a sales associate....

And then being yelled at for not making your sales goal....

I am sorry I can't do all of that work.... and make my sales..... because I am doing all those other things.....

Oh and only getting paid $10 an hour.... and being passed over for promotion everytime...

Because, you can't apply for any open inside positions... without the store managers approval
Anonymous Coward
User ID: 46447303
United States
09/08/2016 04:30 PM
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Re: 5,300 Wells Fargo employees fired
That is a lot of corrupt ass employees.

Fucking loser scum, I hope karma bites these bitches big time.

Don't fuck with my bank account!
 Quoting: Anonymous Coward 72064481



I hope that you understand. It comes from the top.

These morons at the top only want numbers
Anonymous Coward
User ID: 72274748
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09/08/2016 04:32 PM
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Re: 5,300 Wells Fargo employees fired
fuck wachovia / wells fargo
Anonymous Coward
User ID: 72942207
United States
09/08/2016 04:33 PM
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Re: 5,300 Wells Fargo employees fired
That is a lot of corrupt ass employees.

Fucking loser scum, I hope karma bites these bitches big time.

Don't fuck with my bank account!
 Quoting: Anonymous Coward 72064481



I hope that you understand. It comes from the top.

These morons at the top only want numbers
 Quoting: Anonymous Coward 46447303


Customers don't matter - We get low quality trinkets from China
Workers don't matter - They hire illegals or outsource rather than work with market forces
Citizens don't matter - They purchase politicians to work against the best interest of the US


The only ones that matter are the shareholders and top brass
Anonymous Coward
User ID: 72942207
United States
09/08/2016 04:36 PM
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Re: 5,300 Wells Fargo employees fired
That is a lot of corrupt ass employees.

Fucking loser scum, I hope karma bites these bitches big time.

Don't fuck with my bank account!
 Quoting: Anonymous Coward 72064481



I hope that you understand. It comes from the top.

These morons at the top only want numbers
 Quoting: Anonymous Coward 46447303


Yep, you will do this or get fired
It is the same crap the banks pulled with liar loans while pretending to look the other way.

NOT ONCE have I ever seen a group of Banksters march into DC with the loans they were "forced" to hand out

But I have many examples of the Banksters marching to DC when politicians were doing something they did not like, like when Brooksley Born was going to regulate derivatives


The Bankers told her and Summers who was boss

The Bankers always get their way, they are like the mafia
-GLP-Christian-

User ID: 72927548
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09/08/2016 04:38 PM
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Re: 5,300 Wells Fargo employees fired
So shouldn't these 5300 bankers be sent to prison for fraud?
What am I missing here?

Last Edited by -GLP-Christian- on 09/08/2016 04:39 PM
Get saved wretch: [link to biblebelievers.com]
Everything you need to know about islam: [link to prophetofdoom.net]
The Jihad Triangle: [link to www.youtube.com (secure)]

FRANCE IS TEH GHEY!
Anonymous Coward
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09/08/2016 04:39 PM
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Re: 5,300 Wells Fargo employees fired
And our government made us bail these banks out... too, big to fail...
Voluntarist

User ID: 15917545
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09/08/2016 04:39 PM
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Re: 5,300 Wells Fargo employees fired

[link to youtu.be (secure)]

Fuck the banks!

GLP vets will remember this video...
Anonymous Coward
User ID: 46447303
United States
09/08/2016 04:45 PM
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Re: 5,300 Wells Fargo employees fired
So shouldn't these 5300 bankers be sent to prison for fraud?
What am I missing here?
 Quoting: -GLP-Christian-




Not really. The people that made these policies, should be prosecuted and held responsible.

Because, they are the ones who created that atmosphere

Having a system, that is based on numbers alone.. will ruin your business. Customer service will drop... because, that is not what they care about
Anonymous Coward
User ID: 72942207
United States
09/08/2016 04:48 PM
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Re: 5,300 Wells Fargo employees fired
And our government made us bail these banks out... too, big to fail...
 Quoting: Anonymous Coward 46447303


I'll fix it for you:

The Banker Puppets made us bail them out
Anonymous Coward
User ID: 219824
United States
09/08/2016 04:50 PM
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Re: 5,300 Wells Fargo employees fired
Macy's employees do it, too.

Try to get customers to open a Macy's account. Even by lying to customers.

They even want you to get customer phone numbers into Macy's database.... with the account number and the customers address.... when the person checks out and to call them on a daily bases....

But wouldn't send extra people.... when the lines are busy.

Employees have a score card.... daily goals. Even if you are not on commission.

How many items sold per transaction. How many accounts you opened... all that gets tallied up.... and you get fired if your score is constantly low.

On top of all that you are expected to clean up. Check the fitting room hourly. Get supplies for your register. Bring merchandise from the stock room on the sales floor.... set the displays up for the sales....

And help the customers of course... and carry outs

Been there... done that....

Doing the job of a merchandise manager and the job of a sales manager as well as the job of a support associate.... when you are only a sales associate....

And then being yelled at for not making your sales goal....

I am sorry I can't do all of that work.... and make my sales..... because I am doing all those other things.....

Oh and only getting paid $10 an hour.... and being passed over for promotion everytime...

Because, you can't apply for any open inside positions... without the store managers approval
 Quoting: Anonymous Coward 46447303


Don't take a customer-facing retail sales job that involves all the up/cross-sell and data gathering bullshit.

If you're a customer, treat the poor saps who get railroaded into this nonsense with dignity; it's not their fault. Politely say no thanks on any of it, you just want to purchase your items and get going, you're in a hurry. Never give them a phone number or email. Don't go for the loyalty cards, ever. Yes, you'll pay more.

Actively patronize places that don't subject you to the checkout interrogation schtick, and avoid those that do it.
Vote with your wallet.
Anonymous Coward
User ID: 72942207
United States
09/08/2016 04:52 PM
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Re: 5,300 Wells Fargo employees fired
So shouldn't these 5300 bankers be sent to prison for fraud?
What am I missing here?
 Quoting: -GLP-Christian-




Not really. The people that made these policies, should be prosecuted and held responsible.

Because, they are the ones who created that atmosphere

Having a system, that is based on numbers alone.. will ruin your business. Customer service will drop... because, that is not what they care about
 Quoting: Anonymous Coward 46447303


Yep
The top brass of the banks set policy.
As usual they want to take all the rewards but none of the risk

Their shoddy policies hurt the company
No problem, fire a bunch of employees while giving themselves bonuses

Completely bankrupt the company, no problem, everyone except the top brass looses their job while they walk away with golden parachutes

Get caught in fraudulent tactics, no problem, pick some patsy lower down the chain to take the rap

I always here that the top brass get paid well because they always take a lot of risks and so they deserve large rewards, so where is that happening?
Ravenage

User ID: 71297205
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09/08/2016 04:59 PM
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Re: 5,300 Wells Fargo employees fired

[link to youtu.be (secure)]

Fuck the banks!

GLP vets will remember this video...
 Quoting: Voluntarist


Eff the reptilian dynasty!
"The fundamental question of our time is whether the West has the will to survive. ... Our own fight for the West does not begin on the battlefield — it begins with our minds, our wills, and our souls... Americans, Poles, and the nations of Europe value individual freedom and sovereignty. We must work together to counter forces, whether they come from inside or out, from the South or the East, that threaten over time to undermine these values and to erase the bonds of culture, faith and tradition that make us who we are. I am here today not just to visit an old ally, but to hold it up as an example for others who seek freedom and who wish to summon the courage and the will to defend our civilization." ~President Donald J Trump

"...sometimes, you have to be a high-riding bitch to survive. Sometimes, being a bitch is all a woman has to hang onto." ~Vera Donovan

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R&y

User ID: 8224477
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09/08/2016 04:59 PM
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Re: 5,300 Wells Fargo employees fired
Will this be a situation where the customer loses their money, there is no prosecution, and the government collects a fee of about 10% of what was stolen?
PACNWGUY-01

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09/08/2016 05:01 PM
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Re: 5,300 Wells Fargo employees fired
5300 out of 250,000 is not a lot for Wells. They let that many go pretty regular in normal course of business.
There will be a time in the not so distant future when they will hunt Liberals with DOGS.

Democrats vote for what benefits them while Republicans vote for what benefits the country.
Anonymous Coward
User ID: 72473558
United States
09/08/2016 05:04 PM
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Re: 5,300 Wells Fargo employees fired
Customers don't matter - We get low quality trinkets from China
Workers don't matter - They hire illegals or outsource rather than work with market forces
Citizens don't matter - They purchase politicians to work against the best interest of the US


The only ones that matter are the shareholders and top brass
 Quoting: Anonymous Coward 72942207



Made far worse because we live in an age when the ends justify the means. Lying is okay, political correctness rules all - which further enforces the acceptability of dishonesty - and our top politicians are in the guise of a con artist from Chicago and an equally bad one from Arkansas.

The con artist in DC, incidentally, forced Wells Fargo - through his Justice Department - to accept mortgage applications even from people on welfare or who have a history of being deadbeats.

The public, which includes employees in the banking industry - picks up on all this bullshit and react accordingly.

These are the rules of the game in Obamanation or Hillaryland or any other overly libtarded society.
Anonymous Coward
User ID: 70771141
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09/08/2016 05:10 PM
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Re: 5,300 Wells Fargo employees fired
So, I'm looking at my husband's new bank statement and there are two accounts-one has about $9 in it, and had 14 transfers from the main checking of $1.00. Then it had a $5 service fee. I asked him what that account was, and he didn't know anything about it. I believe it transfers $1 to the other account every time you use your debit card-or something to that effect. Anyway, they take $5 for transferring $14 during the month.

Automatically transferring.

He didn't open the account. We are calling tomorrow to get this straightened out.

His bank is Wells Fargo.
Anonymous Coward
User ID: 69993381
United States
09/08/2016 05:39 PM
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Re: 5,300 Wells Fargo employees fired
humanity is so fucked, not one honest person exist................

this whole shit if fucked, i mean it's cool now, to steal, to have a have a job doing nothing.


The low lifes of society have become it's pinacle. it's greatest achievers, and something to look up to.

i fucking hate this generation. wish i was born 100 years ago.this technology ain't worth shit
Anonymous Coward
User ID: 72281745
United States
09/08/2016 05:39 PM
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Re: 5,300 Wells Fargo employees fired
So shouldn't these 5300 bankers be sent to prison for fraud?
What am I missing here?
 Quoting: -GLP-Christian-


This is nothing compared to the Treason Hillary committed. So, if she's qualified to be president, maybe these 5300 should be in Congress.
Anonymous Coward
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United States
09/08/2016 05:41 PM
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Re: 5,300 Wells Fargo employees fired
humanity is so fucked, not one honest person exist................

this whole shit if fucked, i mean it's cool now, to steal, to have a have a job doing nothing.


The low lifes of society have become it's pinacle. it's greatest achievers, and something to look up to.

i fucking hate this generation. wish i was born 100 years ago.this technology ain't worth shit
 Quoting: Anonymous Coward 69993381


When parents teach their kids that "Cheaters never win" they're doing them a disservice. If you're not cheating, you don't have a prayer. Them's the rules this generation is learning.

We can thank the Clintons for bringing that into fruition.
Mohammad Dirtyturban

User ID: 71875669
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09/08/2016 05:42 PM
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Re: 5,300 Wells Fargo employees fired
O goodie, just in time to hire just under half of the Syrian rapeugees that just showed up in our house via the obummer express.
Resister

User ID: 36421936
United States
09/08/2016 05:42 PM

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Re: 5,300 Wells Fargo employees fired
wow
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787





GLP