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Wells Fargo revamp a 'Herculean task'

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Embroiled in a scandal over unauthorised customer accounts, Wells Fargo & Co faces a steep challenge in overhauling its hard-charging sales culture without gutting profits.

Until recently, Wells staffers laboured under ambitious quotas while executives boasted to Wall Street about "cross-selling" each customer multiple accounts.

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Reuters

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    Original URL: https://www.afr.com/business/banking-and-finance/wells-fargo-revamp-a-herculean-task-20161012-gs13n6