Something that Wells Fargo try to do in order to make the situation better, was to come out to the public and state that over the last five years they had fired 5,300 employees due to uncommon behavior, but in reality it did not make things better. They also agreed to pay $185 million in fines, and an additional $5 million to refund customers. Even after Wells Fargo came out and agreed to refund customers it did not change the opinion of their customers like Chicago’s treasurer. “Chicago Treasurer Kurt Summers plans to divest $25 million the city has invested with Wells Fargo & Co…” What Chicago’s treasurer is doing is a clear example of what Wells Fargo might face in next couple of months, people are going to start withdraw their money from Wells
Something that Wells Fargo try to do in order to make the situation better, was to come out to the public and state that over the last five years they had fired 5,300 employees due to uncommon behavior, but in reality it did not make things better. They also agreed to pay $185 million in fines, and an additional $5 million to refund customers. Even after Wells Fargo came out and agreed to refund customers it did not change the opinion of their customers like Chicago’s treasurer. “Chicago Treasurer Kurt Summers plans to divest $25 million the city has invested with Wells Fargo & Co…” What Chicago’s treasurer is doing is a clear example of what Wells Fargo might face in next couple of months, people are going to start withdraw their money from Wells