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Wells Fargo Demotes, Fires More Bank Managers In Ongoing Investigation

Wells Fargo is out with another round of layoffs in its ongoing investigation into the opening of fake accounts in its branch banks.

Three more regional bank managers have been fired this week. Another has been demoted. One additional - reassigned.

This latest round of employee changes come after Wells Fargo stripped CEO Tim Sloan and other executives of annual bonuses and, last month, fired regional managers in Arizona and California.

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Heather van Blokland was a host at KJZZ from 2016 to 2021.