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
Highway Patrol troopers say every day, they’re seeing more and more people with their eyes on their phones instead of on the road. The South…
A man is in the hospital after his brother accidentally shot him, according to the Cherokee County Sheriff’s Office.
The Oconee County Sheriff’s Office has detained a person of interest after a woman had her throat slashed Sunday morning.
Mel Tillis, the longtime country star who wrote hits for Kenny Rogers, Ricky Skaggs and many others, and overcame a stutter to sing on dozen…
If you have a winter coat in the back of your closet go ahead and dust it off and put it to good use.