Wells Fargo employees altered business customers’ information: WSJ

(Reuters) – Some employees in a Wells Fargo & Co (WFC.N) unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter.

FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada, October 19, 2017. REUTERS/Chris Helgren/File Photo

The employees in Wells Fargo’s so-called wholesale unit, which is separate from its retail bank, added or altered information without customers’ knowledge, the Journal reported.

The information added varied from social security numbers to addresses to dates of birth for people associated with business-banking clients, the WSJ reported.

Wells Fargo could not be immediately reached for comment.

Reporting by Diptendu Lahiri in Bengaluru

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/qUogcEVaY7c/wells-fargo-employees-altered-business-customers-information-wsj-idUSKCN1II1ZY

Author: JEFFREY LIPTON BARBADOS