Wells Fargo is eliminating certain sales goals after settlement over aggressive tactics

September 13, 2016 2:24 PM

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Wells Fargo & Co. said Tuesday it would eliminate all sales goals for credit cards, checking accounts and other retail banking products as the financial giant tries to repair its image following a $185-million settlement over aggressive sales tactics.

The announcement came as the Senate Banking Committee said Monday night it would hold a hearing next week on Wells Fargo’s sales practices, which pushed thousands of employees to open as many as 2 million accounts without customers’ authorization.

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