Wells Fargo, Fed, in 2018, it released a dashouse as the restrictions placed on a fake settlement scandal

Federal Reserve told Tuesday Wells Fargo It is no longer exposed to the harsh rest of the Fed, which was placed in the bank in 2018 to have toxic sales and banking culture.

It’s a victory for that Wells FargoHe had a decade of about ten years that the public and politicians changed their way.

“We are a different and far strong company today for what we do today,” said Wells Fargo CEO Charlie Scharf. Scharf also announced that the Wells Fargo will receive a $ 2,000 award to convert the bank of each of 215,000 employees.

Wells Fargo had a corporate culture that has a corporate culture that resulted in the opening of millions of fake accounts to achieve these goals. Wells’ s best managers, branches called “stores” and if employees do not even want customers as possible or even needed or needed.

After the investigation by the Los Angeles Times in 2016, Wells Fargo closed the sales culture and fired the leadership and board. The value of the fake accounts scandal is that Fargo is a billions of dollars worth of billions of dollars and lost business, especially per year after a long-lasting purpose and financial crisis. Then it turned out that Wells Fargo opened 3.5 million scored by customers or not necessary.

After thinking that the country will be the best run bank, Wells Fargo, now it was a poster of the worst experience from banking in decades.

The federal reserve to push the wells to correct the wells, Wells Wells Fargo’ni took the unusual step in the Wells Wells Fargo in a program that could grow bigger in 2018. No bank was placed in a program that has not been placed in a larger program than before. The Fed demanded its wells to solve the culture of him to solve his problems and reshapes all the risk and compliance departments.

Since its initiating in 2019, the purpose of Scharf was to convince Federal Reserve rules to solve Fargo’s toxic banking experience. The Asset cap was removed, the bank can now receive more deposits, new accounts, new accounts and the additional investment bank enterprises by keeping additional securities in the balance complaint.

This story was first displayed Fortune.com

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