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Wells Fargo prepares for two year ethics review to avoid future legal suits

As the financial crisis continues, Wells Fargo readies for a two-year review that will redefine its business code of ethics and conflict best practices.

When you are one of the biggest banks in the country, chances are you are spending more time focused on your financial concerns than ethical ones. However, Wells Fargo will be spending the next two years preparing to conduct an internal review of its ethics due to lawsuits that have been sweeping the financial industry as of late. 

Mary Eshet, a spokeswoman for Wells Fargo, notes that the U.S. bank prides itself in its strong code of ethics already in place and credits its ethical business practices as being a cornerstone of the bank’s culture. Nevertheless, the self-initiated review will make room for new approaches and improvement within Wells Fargo’s system. 

Contributing Author

Stefanie Mosca

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