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14% Of Polled Wells Fargo Customers Have Decided To Leave The Bank- Will You?

If more people who are customers of Wells Fargo stop doing business with them and move their money to a community bank or credit union that would have an impact on the bottom line of Wells Fargo. Hurting them in their bottom line is most likely the only thing that will make them change their outrageous behavior.

Livinglies's Weblog

http://www.zerohedge.com/news/2016-10-24/14-polled-wells-fargo-customers-have-decided-leave-bank

Wells Fargo’s illegal cross-selling and fraudulent account creation practices appear to have caught up with the bank, just days after CEO John Stumpf announced his surprise resignation. As Bloomberg reports, management consultancy cg42 released a poll showing 14% of Wells Fargo customers have decided to leave the bank, “potentially withdrawing billions of dollars and crimping revenue.”

The data confirms what a separate poll by SurveyMonkey Intelligence released last week revealed. According to the survey, since the scandal broke, Wells Fargo has been losing asmuch as 140,000 of its mobile customers every week. The report finds that while the bank reported a downturn in new customer applications and accounts opened since the scandal broke, Wells Fargo curiously hasn’t reported on its customer churn rates. That is, the rate at which Wells Fargo is losing customers as they close their accounts after the scandal. (Conversely, customer retention…

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