Federal prosecutors in New York have opened a felony investigation into whether Wells Fargo violated federal legal guidelines by conducting fake work interviews, the New York Times reported on Thursday, citing individuals familiar with the issue.
Before this 7 days, the bank stated in a memo it was pausing a employing coverage that necessitates recruiters to interview a numerous pool of candidates, right after an additional report by the New York Periods reported these kinds of interviews ended up frequently phony and performed even nevertheless the job experienced by now been promised to someone else.
The financial institution did not straight away react to a Reuters ask for for comment.
The New York Moments claimed final thirty day period that a former worker in the bank’s wealth management business enterprise experienced complained that he was forced by his bosses to job interview people today for jobs that experienced presently been promised to others, just to meet the various slate necessity.
Assorted slate hiring is a expertise acquisition technique where the recruiter starts with an previously various pool of skilled candidates.
CEO Charles Scharf has said the bank will continue on to actively find range in hiring even for the duration of this pause, and upon completion of the evaluation, will make changes to its varied slate method where appropriate and relaunch it in July.
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