The Latest Breaking News from Wells Fargo

Workers were sacked after review found they were ‘creating impression of active work’, says filing

The bank disclosed it fired the employees after finding they were giving the impression of working when they really weren't.

Given Wells Fargo’s recent underperformance relative to the Vanguard Mega Cap ETF, analysts are still moderately bullish on its prospects due to its diversified earnings and the potential lifting of the government-imposed asset cap.

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch