The Latest Breaking News from Wells Fargo

A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.

Income investors tend to gravitate towards covered calls, and blue-chip high yielding stocks are a great place to start. Wells Fargo (WFC) has been a strong performer in the last three years and is up 37.49% in that time.

A number of larger firms have been using tools to monitor employees after expansion of remote work in pandemic

Multiple employees were fired by Wells Fargo for utilizing mouse jigglers to fake that they were at work.

The bank giant had to recently give over a dozen employees the boot after concluding an internal investigation that looked into "unethical behavior."

Wells Fargo keeps hybrid working policy in place, but says workers failing to respect flexibility will be punished.

Around a dozen staffers were reportedly faking keyboard strokes to maintain an illusion of work, and have been let go by Wells Fargo as a result.

Workers were sacked after review found they were ‘creating impression of active work’, says filing

The bank disclosed it fired the employees after finding they were giving the impression of working when they really weren't.

Given Wells Fargo’s recent underperformance relative to the Vanguard Mega Cap ETF, analysts are still moderately bullish on its prospects due to its diversified earnings and the potential lifting of the government-imposed asset cap.

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch