Wells Fargo Case Study

Knowledge is considered as one of the most important and competitive resource for sustenance of the organisation (Zack, 1999). It can be compared to the strategic resource that can be used and applied in various frames of the organisation. Experienced managers in the organisations believe that company can receive strategic advantage through knowledge and not the strategies or actions implemented by competitors. Knowledge can be regarded as a strong approach that opens numerous ways of success. It is that weapon that help organisation to evaluate solutions in financial and other professional difficulties.

Fraud is a problem that nonprofits must be prepared to prevent within their financial departments. Embezzlements and financial statement fraud can destroy the financial health of a nonprofit organization and undermine the organization’s mission. Skimming is particularly difficult to identify because the money is often taken off incoming funds before the donations are ever annotated or accounted for (Zack & De Armond, 2015). However, these financial woes can be easily avoided. Nonprofit Quarterly identifies the issue of financial fraud as a “people problem” (Zack et al, 2015). Financial departments within corporations are required to follow strict laws and regulations that are not required to be followed by nonprofit organizations. The Sarbanes-Oxley

This organization chose to for the most part be deceptive about it choices and is not paying for them.

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).

The Sarbanes-Oxley Act of 2002 was put in place to prevent corporations from committing accounting fraud or corruption. When a corporation manages somehow to get passed all the laws they do anything to keep the corruption going by covering up everything. With this going on the company’s main focus is keep the lies going and firing whoever is in the way. Wells Fargo has stated that they have fire over a hundred thousand people throughout the nation for being a part of the illegal activity in the company. Unfortunately for Wells Fargo employees are coming out from hiding telling their side of the story.

Wells Fargo just gave little entrepreneurs about I billion motivations to grin. The San Francisco-based bank as of late settled an across the nation $1 billion advance program particularly focusing on African American entrepreneurs.

Strong intro: Advocate is addressing necessary points during into- appreciation, disclosure, intro, name, concern. (adjusting tone appropriately)

Mr. Chen came to our office just now to deliver a document. He wanted to make an appointment with you on Monday afternoon. He said he would like to discuss with you whether we should send an attorney letter to BOA and Wells Fargo regarding his case.

Thank you for contacting us to look into whether you might be able to bring an individual claim for telephone calls you received from Wells Fargo. As this point we have to decline representing you in this matter.

An example of a company that have maintained their same brand identity for years is Wells Fargo. Wells Fargo has been around for more than 160 years and they have kept their logo for that long too. Their horse and carriage logo has remained on checks, websites, and more. This has allowed their company to be successful and push through the hard times. Customers might be more likely to choose Wells Fargo as their bank because they know that they have been around for a long time.

In 2016, federal regulators caught Wells Fargo creating millions of fake bank and credit card accounts; over 1.5 million bank accounts were created. Furthermore, federal regulators also said that 565,443 credit cards were created, and 1400 of those accounts had been charged over 400,000 dollars in fees. Wells Fargo employees broke many ethical and legal boundaries and engaged in counterproductive work behavior.

Upon first glance at the Wells Fargo State Bank you don't think much of it. The cylinder shaped building, with crisp white walls and lined paneled windows gave a distinct modern feel. The brown stained glass not allowing viewers to see inside of the building just added on to a more mysterious and independent feel that the entire building seemed to project. Near the entrance you will notice a circular stone bench, in the center of that is a tree. It was as if it were trying to lure people in with the simple yet pleasing design. However, once you enter the building you will notice a drastic change in the environment surrounding you. The air is still and empty. You realize it wasn't the stained glass that was keeping you from seeing in but

On 01/20/2017 at aprroximately 1315 hours contact was made with Cody Lambert via telephone in reference to his lost Wells Fargo Visa debit card. Mr. Lambert stated he lost his debit card at Wendy`s located at 4240 US Hwy 19 New Port Richey, FL 34653 at approximately 2240 hours on 01/19/2017.

Wells Fargo & Company was incorporated on the 24th of January, 1929 a bank holding company. Its main purpose is to serve as a holding company for its subsidiaries. It has three segments of operation: Community Banking, Wholesale Banking and Wealth, and Brokerage and Retirement. The Company provides all sort of banking services in the area of retail, commercial and corporate purposes through their numerous banking stores and offices, the worldwide web, and other channels to cater for the needs individuals, businesses and institutions. Their services are available in all the fifty states, the District of Columbia and in other countries. It operates in the Money Center Banking industry (SIC Code 6021). Companies in this industry provides

Wells Fargo, recently known as Wachovia is a well-known financial institution, one of the nation’s largest financial institutions to be exact. Wells Fargo is located in over 130 countries around the world and they serve more than 700 million customers. It was founded by a Henry Wells and William Fargo, hence where the name comes for; Wells Fargo, in 1852. Like any business or company they must have structure in order to run smoothly and to be as successful as they are. Each branch contains mangers, tellers, customer service agents, and even a janitorial crew. It takes more than one person to make a business successful. Once you are done reading this paper you will be able to understand what a manager is and why they are so important to all the Wells Fargo branches.