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Wells Fargo Ends Sales Targets at Heart of Unauthorized Accounts Probe

Wells Fargo (WFC) said Tuesday it would end the retail-bank sales targets that regulators say helped motivate thousands of employees to open unauthorized customer accounts in hopes of boosting their own salaries.

"We want to make certain our customers have full confidence that our retail bankers are always focused on the best interests of customers," CEO John Stumpf said in a statement. The San Francisco based is halting the goals, which included selling as many products like...


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