Case Study : Wells Fargo '

As the fourth largest banking and financial services company in the US, Wells Fargo offers a wide range of careers in the financial industry. Based in San Francisco, they provide banking, mortgage, investment and financial services throughout the US, with over 9,000 stores nationwide. Their decentralized structure means that every one of their stores functions as a local headquarters for all their customer’s financial needs.

Wells Fargo is and has been a leader in the banking industry for years. Well Fargo was “founded by William George Fargo (1818-81) and Henry Wells (1805-78) in 1852, (Wells Fargo, 2012). It started as a stage express business and later took over the Pony Express and the Overland Mail Company in 1866, (Wells Fargo, 2012). Today,

SUPPORT DOCUMENTS: Two Pages Transaction History, Two Pages Cardholder Dispute Forms, TD Bank Cover Page.

Account managers: These are salespersons responsible for ongoing business with a customer who uses a product. Satisfying long-term customers and persuading them to reorder products are important activities for account managers. A new customer may be found by a prospector and then turned over to an account manager.

Improved knowledge of financial services and refinement of integral skills will increase my value as a member of the workforce and a potential employee of Wells Fargo. Wells Fargo is a world renowned corporation and known for its highly skilled and trained employees. I hope to learn invaluable information from Wells Fargo’s qualified analysts, managers, and senior leaders. Moreover, I know that my existing knowledge coupled with professional development workshops, seminars, and other learning opportunities will ensure proper academic literacy in the field of finance. I am most interested in the opportunity to network with people in the field and potentially secure an internship with the corporation. My interests are also heavily embedded in my long term success. Hopefully, after acceptance into, and completion of, the Sophomore Leaders Conference and Summer Program I may be considered for a full-time position with the corporation upon successful completion of my degree in Finance at the Isenberg School of

The banking industry and Wells Fargo must use analytics to better understand market segments to allow them to correctly identity which markets to enter. Without the correct capital allocation within certain markets, any financial institution can see their revenue shares dwindle thus creating a direct need for market forecasting.

Wells Fargo is an American international banking and financial services holding company which was founded in 1852 by Henry Wells and William G. Fargo in New York. As of the end of 2015, the total assets of Wells Fargo are more than $1.7 trillion, ranking 3rd all over the U.S. And in 2013, Wells Fargo surpassed ICBC and became the world’s largest bank by market capitalization for the first time, then exchanged the top bank place with ICBC for four times in the next years.

Economics The ability to compete in the market is the foundation of all organization’s strategic plan. In order to be competitive the company must offer the right products at the best value. This section will describe Wells Fargo’s products and how they compare with its major competitors. The services offered by Wells Fargo include, checking accounts, savings accounts, certificates of deposit, credit card, and loan products.

After reviewing the Georgia Clerk of Courts website your property located at 970 Sidney Marcus Blvd, #1308, Atlanta, GA 30324 was foreclosed July 3, 2012. SunTrust Bank held both a first and second mortgage on the property. The principle balance on the first mortgage was $101,417.82 and the principle balance on the second mortgage was $40,721.00.

Wells Fargo preaches to its team members to practice ethics and values in the everyday duties of its team members to handle our customers with highest integrity. The finance and banking industry is highly regulated as it should be, but as far as the values Wells Fargo promotes, unfortunately these values are not practiced in day to day operations. I worked for Wells Fargo for several years, and I got to know most of their values and visions as a company. From my experience, Wells Fargo didn’t always adhere to these values and missions.

Wells Fargo was founded in 1852 and headquartered in San Francisco. A $1.7 trillion in asset company which is a community-based financial service, diversified, and nationwide within the USA; and offices with support team’s members in 36 countries conducting business globally. Employing over 280,000 staffs, serving one in every three (3) household members in the USA and has top 3 main competitors include JP Morgan Chase, Bank of America and Citigroup Inc. Wells Fargo prominent strength is customer-driven with financial instruments primarily, interest rate, commodity, equity, and foreign exchange (FX)). Their core focus is banking, insurance, investments, mortgage, and consumer and commercial finance from more than 8,700 locations in all 50

Organization values direct the viewpoint of an organization in relation to its actions. Culture and beliefs of an organization should be spelt out to show the values, morals and standards it espouses to be distinct and unique in what it stands for. A big multinational financial institution like Wells Fargo is not excluded from the provision of a well laid down and structured mission statement, core values, culture and strategical ethics to tell the world about their visions, goals and what they are capable of achieving. Smaller financial institutions are supposed to look up to bigger firms like Wells Fargo as a role model for its mode of operations, business practices and also seek management advice as they have come a long way to be dominant as a leading financial firm in market capitalization.

On September 8, 2016, Wells Fargo was caught in one of the biggest fraud scandals in banking history. The scandal was brought to light when the international banking and financial company were caught creating 3.5 million of fake accounts and services on behalf of their clients when they started to realize additional fees and accounts that they did not sign up for (Sweet, 2017). The earliest coverage of the scandal came as early as 2011 in an article published by the Wall Street Journal. This practice was a trickle down effect from upper level management, where the CEO created the business strategy and gave incentives to the managers to carry out the quota. They strongly encouraged their employees to sell multiple products to their clients,

Barings bank is the oldest bank in United Kingdom and the barings family have led the bank since 1763. Barings Bank was founded by Sir Francis Baring in 1762 and became a commercial bank (merchant banks) oldest in England. Because of his age, it's no wonder that banks have got good reputations. But in 1995, this bank collapsed due to losses which have ammounts USD 1.4 billion in business, that is far above its capital which approximately USD900 billion. Inability to pay the obligation or debts, that kind of situation make the company bankcrupt. The collapse of Barings became important historical records of the banking industry and an example of a case study in finance and financial management.

The American Express company also known as Amex, it is an American multinational corporation. The company was eventually started as an express mail business in Buffalo, New York. It was formed as a joint stock corporation through the merger of express companies owned by Henry Wells( Wells Company), William G. Fargo (Livingston, Fargo and company)and John Warren Butterfield (Wells, Butterfield and company).