Author: Heidi Hecht

Heidi Hecht is a writer specializing in finance, business, and digital assets. Her past experience includes tracking and analyzing news related to Bitcoin, cryptocurrencies, and blockchain.

Wells Fargo emerged from the Great Recession with a reputation as one of the most resilient major banks in the U.S. market. Unlike many of its peers, the bank largely sidestepped the severe fallout. In a strategic move, Wells Fargo acquired Wachovia, then the nation’s fourth-largest bank, further consolidating its standing during the post-crisis recovery period. But in the years that followed, Wells Fargo’s reputation took a serious hit following a scandal involving the bank’s cross-selling practices. The bank’s aggressive strategy, which often coerced customers or bypassed their consent, backfired, revealing widespread misconduct among employees. Wells Fargo Cross-Selling Scandal An…

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