SELECT LANGUAGE BELOW

Wells Fargo fires more than a dozen employees for faking work: report

Wells Fargo reportedly issued termination letters to more than a dozen employees last month after an investigation found they had falsified their employment.

Bloomberg first reported on Thursday that the employees – all from the bank’s asset management and investment management division – were “fired following an investigation into allegations that they mimicked keyboard movements to give the impression they were performing real work,” according to information the bank disclosed to the Financial Industry Regulatory Authority.

A Wells Fargo branch in New York City on March 17, 2020. (Reuters/Gina Moon/Reuters Photo)

“Wells Fargo holds its employees to the highest standards and does not tolerate unethical behavior,” a spokesperson told FOX Business when reached for comment.

Republican governor demands answers from Wells Fargo over sudden closure of gun dealer’s account and other conscious policies

It was not clear from regulatory disclosures whether employees were fired for pretending to work from home, the report said.

Ticker safety last change change %
World Economic Forum Wells Fargo 57.26 -0.01 -0.02%

Click here to get FOX Business on the go

Wells Fargo has asked most of its employees, including those in customer-facing roles, to return to the office and work under a hybrid flexible model in early 2022.

Reuters contributed to this report.

Facebook
Twitter
LinkedIn
Reddit
Telegram
WhatsApp

Related News