Bank of America's chief financial officer on Tuesday downplayed the odds of a Wells-Fargo-style phony-account scandal at B of A, contending that it does not use hard-charging sales tactics.

About six weeks after Wells Fargo disclosed that it fired more than 5,000 workers for opening roughly 2 million fake accounts, bankers at other institutions are being pressed to defend their own sales practices and answer whether similar abuses could happen under their watch.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.