Wells Fargo Owes $22 Million for Alleged Whistleblower Axing (2)

Wells Fargo must pay a former commercial banking senior manager more than $22 million for allegedly firing the worker, who raised concerns about potential wire fraud, OSHA said Thursday.

The financial services firm terminated the Chicago-area manager after they repeatedly contacted superiors and a corporate ethics hotline about purported directions to falsify customer information, the Labor Department’s Occupational Safety and Health Administration alleged.

“Wells Fargo has zero tolerance for acts of retaliation, and employees are encouraged to report concerns which will be promptly and thoroughly investigated,” a spokesperson said Thursday. The company disagrees with ...