Verkkoin april 2018, wells fargo reached a $1billion agreement to pay customers by acknowledging it had charged people with car loans for auto. Wells fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. Verkkowells fargo & co. Ceo charles scharf found himself on a conference call with analysts this month having to explain why his bank was still in. Verkkothe labor department on thursday ordered wells fargo to pay $22 million in back wages and compensatory damages for violating whistleblower. Verkkothe allegedly fake interviews. Wells fargo managers interviewed diverse candidates for positions that had already been promised to other. Verkkothat august, wells fargo paid nearly $8 million to settle a claim by the department of labor that it had discriminated against more than 30,000 black. Verkkothis case study examines corporate governance issues at wells fargo and company. The bank was embroiled in controversies due to its cross. Wells fargo is reactivating a hiring practice that it paused this year after a former employee revealed that it was leading managers to interview nonwhite.
