At Wells Fargo, Bank Branches Were Tipped Off to Inspections

Wells Fargo will eliminate its policy of notifying branches a day in advance before they are visited by internal inspectors, a bank spokeswoman said on Tuesday.

The decision comes after the Wall Street Journal reported on the advance notice, describing how it gave employees time to cover up problematic sales practices by shredding documents and forging signatures.

Mary Eshet, a spokeswoman for the third-largest U.S. bank by assets, confirmed that Wells Fargo will halt the practice.

“To the extent the 24 hour notice could be an issue or be perceived as an issue, we want to take that off the table,” she wrote via email.

http://www.cnbc.com/2017/01/24/wells-fargo-to-stop-giving-branches-advance-notice-of-inspections.html

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