Literally I can’t even.
Breaking: #WellsFargo says consumer account openings plunged 44% y/y in October, 1st full month post scandal. Credit card apps -50%. $WFC
— Matt Egan (@MattMEgan5) November 17, 2016
Apparently, when you don’t make people’s jobs contingent on opening hundreds of accounts a month by any means necessary, they stop doing it! Super weird!
I haven’t told you the punchline yet. There are actually people who have their retirement savings invested by this firm, after being cross-sold and double- and triple-cross-sold for years and years.
This is the stickiest money on the planet apparently. I wonder what they would have to do in order to deliberately drive it away…
Can you even imagine?
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