Case Study Of Wachovia

Wells Fargo is an American bank that was created in 1852 by Henry Wells and James Fargo. It is the second largest bank in the USA in terms of market cap, operates in over 42 countries around the world, and has over 260,000 employees.

Wells Fargo has a social responsibility to its customers to fulfill their economic, legal, ethical, and philanthropic needs. The scandal has presented numerous legal issues. It was negligent of the bank's executives and managers by placing impossible sales goals on lower level employees then encouraging, and pressuring them to meet these goals. The use of customer's information for fraudulent purposes was an invasion of customers privacy. Wells Fargo has violated the Federal Trade Commission Act which protects customers from unfair practices and has also violated the Sarbanes-Oxley Act (Thorne, 2011).

magnitude of these risks, this paper advocates for a more proactive solution. Active investing in

Now let look at the Wells Fargo case. You, the consumer should realize that Complaints against Wells Fargo are actually lower than thoes number filed against Citigroup or Bank of America. That is a fact that can be verified by the

Our paper today will be on Wells Fargo. Wells Fargo is an American bank that was created in 1852 by Henry Wells and James Fargo. It is the second largest bank in the USA in terms of market cap, operates in over 42 countries around the world, and has over 260,000 employees.

Ranked number nine US bank at the time, Kovacevich was determined to get Wells Fargo to be America’s number one bank. To achieve this goal, Kovacevich implemented a new cross-selling strategy for the company, “Go For Gr-eight”, which pushed employees to achieve an average of eight banking products per customer. This ambitious strategy would have a variety of substantial consequences for Wells Fargo and their stakeholders for years to come. One beneficial, yet rare consequence of this strategy was Wells Fargo quickly became a dominating force in the industry, “averaging 6.1 products per customer vs an industry average of 2.7.” (Colvin , 143) In addition to that, Wells Fargo also posted 18 straight quarters in which they had a net income of over five billion dollars. However, all this success came at a huge price. Wells Fargo’s “Go For Gr-eight” strategy put employees under intense pressure to meet sales goals or face a variety of punishments. Employees “who beat sales targets were celebrated and those who didn’t were publicly embarrassed, sometimes demoted, and occasionally fired.” ( Colvin, 143) Due to this severe pressure from the top of the company, employees resorted to any means such as creating fake customer accounts or persuading customers into bad decisions in order to evade punishment from corporate. In one instance a Wells Fargo employee persuaded a homeless woman into opening six accounts with fees totaling thirty nine Dollars per month. In a separate instance, an employee was found to have created over 50 fake accounts for members of her family. Obviously this strategy of pushing employees to cross-sell as many products to customers as possible was causing employees to resort to unethical and possibly

In 1852 Wells Fargo the first Wells Fargo bank was opened in New York city in the United State by Henry Wells and Buffalo mayor (from 1862 to 1865) William G. Fargo. Their mission and values remain majorly unchanged sense then. Their five values are: “People as a competitive advantage, ethics, what’s right for customers, diversity and inclusion, and leadership” ("Our Values"). Every company work by their values to meet their vision, but Wells Fargo decided to choose the other way in 20016 when the bank fined a$185 million in September 2016 after revealing that it was creating fake accounts to increase the sales of the bank sense 2011. Those accounts were created from the information and the accounts of existing customers, and those customers

Wells Fargo founded in 1852 is known for being a financial services company. Wells Fargo provides banking, insurance, investment, mortgage, and consumer and commercial financial services through more than 8,600 locations, 13,000 ATM’s, online, and mobile devices. Wells Fargo is headquartered in San Francisco, California but has a vision of being decentralized from that location. Being decentralized allows each location to act as a headquarters to provide their customers with specific financial services. Wells Fargo employs approximately 268,000 employees to serve 70 million customers.

Wells Fargo scored high on Strategic Direction due to their clear strategy of focusing on selling new goods and services to their existing customer base, which is called cross selling. Somehow this strategy has worked for Wells Fargo unlike their competitors. The three banks do not seem to have large international recognition, majority of their business is based in the United States.

Diversifiable- This type of risk is opposite to systematic risk known as unsystematic risk and is specific to a company, industry, market, economy this can be reduced through diversification the most common sources are business risk and financial risk. So the main motive is to invest in different assets so that they will not all be affected the same way by market events.

Wells Fargo has a number of facets that give it is a stable state in the market. The company has been doing well in the market for a number of years. For instance, the company has been ranked as one of the best companies in the US. With delivery of services throughout the country, with significant evidence gained in the North America, Wells Fargo has managed to be one of the best companies in the world. The company has a wide distribution

God’s word tells us what sin is, the consequences of it, and a remedy to a cancer sized problem that the world treats as a cold.

Born Thomas Lanier Williams III, Tennessee Williams produced multiple Pulitzer Prize-winning play writes throughout his career. However, his breakout play was The Glass Menagerie. After perfecting his play for many years, The Glass Menagerie was first introduced to Broadway on March 31, 1945. As a young writer, Williams lived vicariously through his plays. Throughout this play in particular, there are several allegories that pertain to Williams 's life directly. Although Williams had a relatively happy childhood, his life changed when he was relocated to St. Louis, Missouri. “The carefree nature of his boyhood was stripped in his new urban home, and as a result Williams turned inward and started to write” (bio). Writing plays was a way for Williams to express his frustration within his family. The Glass Menagerie is a representation of a majority of things. Primarily however, it is a play in which Williams tells his autobiography through Tom.

(Finansbank) . As you know Wells Fargo is the largest commercial bank in USA. The company was

Investment is one of the most essential ways to manage and appreciate capital. It is well known that investment has risk, and higher return with higher risk. The risk is coming from a bunch of factors. Systematic risk and unsystematic risk are two terms which distinguish the effective range of the investment market. Systematic risk describes widely effect which individual cannot manage, control and avoid. What people can do is to reduce lost to the minimum. Unsystematic risk is also called as “ special risk” which it is more individual and investor can control even avoid it. Thus, this paper will focus on the what kinds of factor will bring systematic risk and how these factors affect the investment market. Three fundamental aspects will