Hey bankers, can you tell me why this happened? The whole Wells Fargo debacle, where they made millions of fake accounts using account info of people who already had other accounts.
I've read how it supposedly made Wells Fargo look better if their customers had more accounts per person, but really, what good does it do if someone has extra accounts just sitting there doing nothing, and probably with zero or near zero balances? What good does selling more accounts do if they aren't being used?
I can see how the sales people wanted to pad their numbers, but beyond that, I see no point to making lots of extra accounts.
I've read how it supposedly made Wells Fargo look better if their customers had more accounts per person, but really, what good does it do if someone has extra accounts just sitting there doing nothing, and probably with zero or near zero balances? What good does selling more accounts do if they aren't being used?
I can see how the sales people wanted to pad their numbers, but beyond that, I see no point to making lots of extra accounts.
