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Business & Technology

Banking Industry In The Hot Seat

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Banking Industry In The Hot Seat

2016-09-20 07:41:151 Oct 2018 01:53 AM EST

On Tuesday Wells Fargo will be front and center as an un-willing example of the banking system as a whole and it's questionable practices of high pressure sales tactics. Although Wells Fargo is in the hot seat alone, the allegations are raising eyebrows about what could be happening across the entire banking industry. Wells Fargo employees have been accused of opening up to 2 million bank and credit card accounts, transferring customers' money without telling them and creating fake email addresses to sign people up for online banking in an effort to meet unrealistic sales goals.

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