Wells Fargo's CEO has said the banking scandal was the the fault of some bad apples at the company who have been fired. But former workers are now speaking out and telling NPR they were "good apples," and they were fired, too. Some were fired after calling the company's ethics line repeatedly to complain about the gaming and fraud and oppressive sales culture at the company. And some say being fired by Wells Fargo a few years ago has badly damaged their careers ever since.
Wells Fargo will pay $185 million in penalties following accusations the bank opened deposit accounts and credit cards for customers without their permission. The Consumer Financial Protection Bureau says bank employees opened more than 2 million accounts that may not have been authorized. The motive, according to regulator, was to hit sales targets and compensation incentives.
It's been almost a decade since the worse housing crash since the Great Depression. And while the housing market has healed in some ways, in others it's far from normal. Single family home construction is rebounding from the trough, but still far below historical norms and the homeownership rate just keeps falling.
Wal-Mart is buying the discount e-commerce startup, Jet.com. With the $3.3 billion acquisition, Wal-Mart hopes to become more formidable in online shopping and mount a challenge to Amazon, the top online retailer.
Britain's vote to exit the European Union is sending shock waves throughout the global economy. In the U.S., there are fears a slowdown in Britain and the entire European continent will harm growth at home as trade and exports stall.
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