• Wells Fargo fires district managers in connection with improper sales practices

    By: by Caroline Hudson, Charlotte Business Journal

    Updated:

    CHARLOTTE, N.C. - Wells Fargo & Co. recently fired about three dozen district managers in connection with improper sales practices, according to a Wednesday report from The Wall Street Journal.

    Citing “people familiar with the matter,” the WSJ reports the managers were fired for oversight failure following the now-infamous sales scandal in Wells Fargo’s retail operations.

    [REPORT: Hundreds of families denied loan changes due to Wells Fargo error]

    That scandal, which involved millions of fake accounts created without customers’ knowledge or consent, was uncovered in late 2016.

    Wells Fargo subsequently fired well over 5,000 employees in connection with the scandal, but district manager positions were largely overlooked until now, according to the WSJ.

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