Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior. The lawsuit was filed in the U.S. District Court in Utah, and seeks class-action status on behalf of hundreds of thousands of customers nationwide. Wells Fargo did not immediately respond to requests for comment. Wells Fargo, the country’s third-largest bank by assets, has said it has fired 5,300 people over the matter and would eliminate sales goals in its retail banking on Jan. 1, 2017. The case is Mitchell et al v. Wells Fargo Bank NA et al, U.S. District Court, District of Utah, No.

Source: Huffington Post September 16, 2016 22:54 UTC