Wells Fargo employees face the wrath of the U5

Chris Arnold, NPR Planet Money correspondent, spoke to MPR News host Tom Weber about his investigation into the situations of Wells Fargo employees.

In the last few weeks Wells Fargo bank has let go of 5,300 employees for opening 2 million phony bank accounts, but Arnold describes this as only half the story. His investigation reveals that some ex-employees who pushed back against Wells Fargo's over-aggressive sales culture were singled out.

So when they apply for jobs with any bank — their names appear on a bankers blacklist called a U5 form.

To hear Arnold's entire conversation with Tom, use the audio player above.