Wells Fargo reportedly cheated many of its clients by charging them higher fees

Wells Fargo cheated a significant number of its business customers by charging them higher-than-settled upon fees, as indicated by a report.

The bank, previously faltering from a progression of fines and punishments brought about by overly aggressive management goals, discovered that it had charged 265 of 300 inspected foreign-exchange customer accounts higher fees than consented to.

The fees were charged by workers wanting to hit grandiose goals to keep their positions or to acquire rewards, as per the news, which initially investigated the fees.

The overcharging was exposed via an internal probe and talked about during a June conference call with forex bankers.