Home / banks / Account Openings Decline at Wells Fargo quoting : “thestreet”

Account Openings Decline at Wells Fargo quoting : “thestreet”

as informed in

Wells Fargo has been reporting monthly customer metrics since its scandal erupted in September.
Wells Fargo said Monday that its customer checking-account and credit-card openings fell drastically in February versus a year earlier, a continuing trend for the bank following last year’s sales-practices scandal.
The bank’s customer loyalty scores rose for the fourth consecutive month, at 57.6% but is still down from 62.1% a year earlier.
Continue Reading BelowThe San Francisco-based bank said checking-account openings fell 43% year-over-year to around 300,000 while new credit-card applications fell 55% from a year-earlier to around 200,000.
She added that the bank will begin a new marketing campaign next month that highlights its offerings, following Wells Fargo’s push to resume marketing in January.

as informed in

Six Months After Scandal, New Wells Fargo Accounts Still Sliding

read more
visit us

banks

collected by :Ros Roger

About finance market

Avatar for finance market

Check Also

Nigerian man robbing 4 banks in 1 month in Clifton picture-12461-310x165

Nigerian man robbing 4 banks in 1 month in Clifton

A man admitted in Newark federal court on Tuesday he robbed banks in Kearny, Lyndhurst …