Wells Fargo giving raise to 25,000 entry level workers

Buffett: Wells Fargo is 'a great bank that made a terrible mistake'

Buffett: Wells Fargo is ‘a great bank that made a terrible mistake’

Wells Fargo is giving 25,000 tellers and other entry level workers a raise at a time when the bank is struggling to overcome a morale problem caused by the fake account fiasco.

Wells Fargo (WFC)said the pay hike to a minimum of $ 13.50 an hour is aimed at attracting and retaining talent, not a response to the scandal.

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