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.
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
VoidWhisperer|1 year ago
civilized|1 year ago
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.