Wells Fargo shocked investors when it revealed over the summer that it had fired over 5,000 bankers for opening customer accounts without permission from the customers themselves. The bank’s CEO John Stumpf spent an uncomfortable two days on Capitol Hill taking “full responsibility” for the actions of his employees – but not resigning. Now, thanks to dogged investigation by TheStreet’s Susan Antilla, it’s come to light that Wells Fargo financial advisors are little better than its bankers. They are among the lowest rated in the industry, according to several reports. What makes it more outrageous is that the bank enjoys a reputation for being customer-focused. One of the many lessons here: Don’t necessarily trust what Wells Fargo says, and always read the fine print.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
