FBI and Federal Prosecutors Probing Wells Fargo Amid Accounts Scandal, Official Says

The bank said previously it fired 5,300 employees for misconduct

Further details were not immediately available.

The bank is not commenting on the news, which follows allegations last week that hundreds of thousands of unauthorized deposit accounts and credit cards had been opened or applied for between May 2011 and July 2015 without customers' permission. Some 5,300 employees were fired as a result.

While the investigation is in its early stages, it opens the possibility of criminal charges.

The bank said in a statement at the time that it takes responsibility "for any instances where customers may have received a product that they did not request." Bank officials have also said that they believe all affected customers have been refunded, and sought to downplay the terminations saying that they represented only about one percent of their workforce. Total refunds, the bank said last week, amounted to about $2.6 million.

A portion of the unauthorized deposit accounts generated about $2 million in fees, while a chunk of the credit card accounts generated about $400,000 in fees, according to a CFPB document reviewed by ABC News.

Since then criticism has mounted.

"I think the best thing I can do right now is lead this company," Stumpf said.

The Los Angeles city attorney said employees were opening and funding accounts without customers' permission or knowledge in order to "satisfy sales goals and earn financial rewards under the bank's incentive-compensation program."

The bank announced yesterday that by Jan. 1, 2017 it would stop imposing those sales goals on employees. Asked why the goals program wouldn't end immediately, a bank spokesperson told ABC News that it would spend the intervening months to ensure "team members receive fair compensation through the transition."

Top Stories

Top Stories

Top Stories

Top Stories

ABC News Live

ABC News Live

24/7 coverage of breaking news and live events