Wells Fargo shouldn't ban sales goals after scandal
To meet aggressive sales quotas, thousands of branch employees engaged in unethical practices such as signing up customers for products without their knowledge and creating fictitious customer accounts. When these practices became known to the bank’s executive management, the em...Read More »
- LifestyleKiplinger.com•4 hours ago
That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things
- BusinessU.S.News & World Report•yesterday
Berkshire Hathaway (ticker: BRK.A, BRK.B) kingpin Warren Buffett was keeping mum on the Wells Fargo & Co ( WFC) -- until now, given recent speculation on his opinion of the company. Going to the board implies I've gone around [Wells Fargo CEO John] Stumpf, the guy who is under fire," Buffett said to CNBC. Buffett, who is arguably the best investor of all time, holds 320 million shares of WFC stock, or more than 6 percent of the company.
- financeNicole Sinclair•20 hours ago
Ciena (CIEN), the optical telecom equipment maker, saw its revenue drop from $1.6 billion in 2001 to $361 million in 2002, an 80% decline. “You’re seeing big-build out basically skipping out the terrestrial, fixed line evolution that the rest of the industrial world has gone into,” Smith said.