Wells Fargo is under fire in California but are customers taking their money elsewhere?
The state of California may have lost trust in Wells Fargo, but many customers at the Wells Fargo on South Broadway in Santa Maria feel differently
“They’re very nice and they’re good people.. I like Wells Fargo,” says Wells Fargo customer Olga Miramontes
“They’ve always treated me very well,” says customer Linda Thomas.
The phony account scandal caused thousands of Wells Fargo employees to lose their jobs, however Thomas says the whole company shouldn’t face scrutiny for it, telling us: “I don’t blame the company – it’s the individual in charge of doing that.”
Olga Miramontes has trouble even picturing something like that happening here. “I’m very surprised because in my personal experience I have never had any kind of problem like that,” she explains.
State treasurer John Chiang hopes his sanctions will make Wells Fargo become successful again.
“We want them to admit their wrong doing, fix their practices but acting in individual and community and states interest,” says Chiang.
Treasurer Chiang says if Wells Fargo does not fix their ways within his 12 month suspension, the sanctions may escalate up to a complete termination of the state’s business relationship with the bank.
