NEW YORK/LOS ANGELES (Reuters) – Wells Fargo & Co (WFC.N) has fired a senior vice president after investigating reports she held lavish parties at a foreclosed beachfront Malibu house owned by the bank.
The fourth-largest U.S. bank said in a statement on Monday that it had terminated one employee, senior vice president Cheronda Guyton, who it found had violated its policies.
"We deeply regret the activities that have taken place as they do not reflect the conduct we expect of our team members," the bank said in the statement. Full Story
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