Wells Fargo Scam Not Unique – Other Banks Do the Same Thing

The evidence is mounting that the Wells Fargo scam was not unusual practice in the banking industry, which means investors need to brace for similar scandals at other banks. The heavy pressure on workers to "cross-sell" multiple products to the same customer is what got Wells Fargo into hot water - and is accepted practice at most consumer banks. These are the banks most likely to end up in regulators' crosshairs next... Tags: wall street scams To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Wells Fargo Scam Not Unique – Other Banks Do the Same Thing appeared first on Money Morning - We Make Investing Profitable .