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Wells Fargo to eliminate sales goals for retail bankers

Published 09/13/2016, 08:54 AM
WFC
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Wells Fargo (NYSE:WFC) said on Tuesday it would eliminate all product sales goals in retail banking, starting next year

The move comes days after regulators fined the bank $185 million over abusive sales practices

The bank paid another $5 million to customers

Bankers created more than two million fake accounts to meet aggressive sales targets

Customers should know that Wells Fargo is always focused on their best interests, Chief Executive John Stumpf said

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