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Wells Fargo fires more than dozen employees for allegedly faking work, Bloomberg News reports

June 13, 2024 10:48 AM EDT

Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon/File Photo

(Reuters) - Wells Fargo last month terminated over a dozen employees after reviewing allegations that they were involved in simulation of keyboard activity, creating an impression of active work, Bloomberg News reported on Thursday.

The fired employees worked in the bank's wealth and investment management unit, according to the report, which cited the bank's disclosures filed with the Financial Industry Regulatory Authority.

"Wells Fargo holds employees to the highest standards and does not tolerate unethical behavior," a spokesperson told Reuters.

It wasn't clear from the regulatory disclosures if the employees were fired for allegedly faking active work from home, the report added.

Wells Fargo in early 2022 had asked most of its employees, including those in customer-facing roles, to return to office and work under a hybrid flexible model.

(Reporting by Arasu Kannagi Basil in Bengaluru and Nupur Anand in New York; Editing by Mohammed Safi Shamsi)



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