Why the SEC Is Investigating Wells Fargo

The video discusses the promotion of executives within Wells Fargo and the regional focus on California, Texas, and Florida. It highlights the firing of 5300 low-level employees due to account abuses and the bank's efforts to restore trust through internal and external investigations. The video also addresses the accountability of executives in a questionable sales culture and the ongoing legal actions, including a class action lawsuit by ex-employees.

What challenges are faced by the bank in terminating certain managers?

What is the significance of the class action lawsuit mentioned in the discussion?