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civilized | 1 year ago

Context: in the 2010s, Wells Fargo management looked the other way while its sales force scammed customers, creating millions of fraudulent accounts (with associated fees) to meet performance targets and quotas [1]. The Fed imposed an asset cap as punishment in 2018, and as of today, the asset cap remains in place.

[1] https://en.wikipedia.org/wiki/Wells_Fargo_cross-selling_scan...

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VoidWhisperer|1 year ago

This isn't any context on the article - it may be context on Wells Fargo as a company, but you may want to specify that it is context on the company and not the article

civilized|1 year ago

I think that context about the company in the article is context about the article, but I understand your difference of opinion.

To see my point, consider this pull quote from Wells Fargo which is contained in the article:

> “Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior,” a company spokesperson said in a statement.

It is important to understand that this is coming from a company whose recent unethical behavior went far beyond what anyone really thought plausible.