Wells Fargo Bank Case Study

Wells Fargo Bank pursued older people. Older people tend to trust bankers. Immigrants were also pursued. The bank told immigrants that they did not need social security numbers to open accounts. As if all this was not enough. Bank management pressured employees to open new accounts. Managers would set targets every day. They would single out workers who did not meet goals. Workers quit or were fired. Some employees said the pressure was so intense that it made them ill. The head of Wells Fargo Bank resigned when the facts of the scandal became public. There is a movement to have all the people who bank at Wells Fargo Bank close their accounts. The date for the mass closing of accounts is November 12, 2016. In summary, Wells Fargo Bank committed