Wells Fargo admits to signs of worker retaliation

After Wells Fargo admitted last fall to creating as many as 2 million fake accounts, nearly half a dozen former employees told CNNMoney they were retaliated against after they tried to stop these illegal sales tactics.

Now, Wells Fargo says it has found evidence that at least some of these whistleblowerretaliation claims published by CNNMoney and elsewhere may have merit.

Wells Fargo (WFC) CEO Tim Sloan said last week in a town hall meeting that the bank has reviewed all reports made by its employees to the confidential ethics line over the past five years where the callers identified themselves. That was roughly 40% of callers to the hotline.

Read on.

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