Wells Fargo Execs Encouraged Bankers to Push Overdraft Protection
Shares of Wells Fargo fell Tuesday following a Wall Street Journal report that the bank's managers encouraged employees to push customers to sign up for costly overdraft fee protections.
Shares of Wells Fargo (WFC) - Get Report took a slight dip Tuesday following a Wall Street Journal report that the bank's managers encouraged branch employees to push customers to sign up for potentially costly overdraft fee protections. Those allegations come amid heightened scrutiny for the bank due to the $185 million fine the company paid for defrauding its customers. The Journal also reported that the beleaguered bank held an hour-long call with executives Monday to lay out the path for Wells to move past those recent regulatory problems.









