Wells Fargo workers who were let go for failing to meet performance targets may be able to rejoin the bank, the new chief executive of the scandal-hit group said on Tuesday, as he apologised to the company’s workforce for its failures.
Tim Sloan said the third-biggest US bank by assets had created a “special HR team” to help some of those “who left retail banking for performance reasons” apply for available positions.
Lawmakers have blamed aggressive sales targets for pushing under-pressure Wells employees to resort to fraud — practices that have resulted in public uproar.
Thousands of staff were found to have set up fee-generating bank accounts and credit cards for consumers who were unaware of them, in some cases faking customer details and signatures.
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