Richmond, Va. (WRIC) — Although Wells Fargo has not formally announced branch closures in the wake of its fake account scandal, some are saying the bank may have to do just that.
The bank is currently in the process of determining ways to pay for the legal and compliance fees connected to the scandal.
On top of that, some branches that were previously profitable may not make as much money as they had previously due to the unrealistic sales goals that employees say led them to create as many as 2 million fake accounts.
Those sales goals have since been scrapped.
Wells Fargo previously hinted at branch closures during a presentation last week to analysts by showing a larger focus on mobile and online banking.
More stories you may like on 7News
Officers took on the Carolinas’ only wheelchair softball team to raise money for and empower people with disabilities.
Police are looking for a man who robbed a Simpsonville bank after handing a note to one of the tellers stating that he was armed, according …
The Boiling Springs Fire Department is holding a car seat safety check Saturday for parents who want to make sure their children have the sa…
A man has been charged after another man accidentally shot himself at the QT gas station on Grove Road, according to the Greenville County S…
Ally McCaslin was crowned Miss South Carolina Teen 2017 Friday evening at Township Auditorium in Columbia.