At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter. Wells Fargo spokesman Peter Gilchrist said participation in the voluntary rebate would not be considered when awarding future contacts. The bank is expected to issue a new request for business proposals from its IT vendors in the first quarter of next year. …read more
Source:: Yahoo Finance
