Business Analysis: Wells Fargo
Wells Fargo
Introduction:
Over 160 years ago, soon after California Gold Rush (1848-1855) at Sutter 's Mill in Coloma, California, Henry Wells and William G. Fargo,on March 18, 1852, decided to organized Wells, Fargo & Company, in San Francisco and Sacramento, a joint-stock association with an initial capitalization of $300,000, to provide express and banking services to California including the operation of stagecoach lines, the transportation and safekeeping of gold and the delivery of the U.S. mail.Wells Fargo is headquarter in San Francisco, but has major “hubquarters” in other cities of U.S. ( wellsfargohistory.com).
Business Structure: “Wells Fargo & Company is a corporation organized under the laws of Delaware and a financial …show more content…
According to wellsfargo.com, Rhein is responsible for “core technology activities including computing services, connectivity services, application development, information security, business continuity planning, enterprise business services and information management, enterprise architecture, monitoring, change control and problem management. As head of the company’s Operations Group, he is responsible for check processing, statement processing, ATM operations, ACH and wires, fraud disputes, cash vaults, lockbox, safe-deposit processing, armored logistics, accounting support for retail stores and deposit document …show more content…
The bank has continued to provide “The bank had continued to provide personal, responsive service by connecting its customers to essential financial services 24 hours a day - by ATM, phone, personal computer or through a growing network of traditional and supermarket branches” (University of Michigan). As a result, Wells Fargo bank has turned to the one of the largest and busiest in the U.S. providing banking services to more than 10 million households in the 10 Western states. (sites.google.com). According to Wells Fargo Quarterly Fact Sheet Statistics, one in three households the United States does business with Wells Fargo and Company because if increasing new electronic banking channels. Electronic banking channels have enabled customers to perform more transaction without need of going to the bank and interacting with banking
Introduction:
Over 160 years ago, soon after California Gold Rush (1848-1855) at Sutter 's Mill in Coloma, California, Henry Wells and William G. Fargo,on March 18, 1852, decided to organized Wells, Fargo & Company, in San Francisco and Sacramento, a joint-stock association with an initial capitalization of $300,000, to provide express and banking services to California including the operation of stagecoach lines, the transportation and safekeeping of gold and the delivery of the U.S. mail.Wells Fargo is headquarter in San Francisco, but has major “hubquarters” in other cities of U.S. ( wellsfargohistory.com).
Business Structure: “Wells Fargo & Company is a corporation organized under the laws of Delaware and a financial …show more content…
According to wellsfargo.com, Rhein is responsible for “core technology activities including computing services, connectivity services, application development, information security, business continuity planning, enterprise business services and information management, enterprise architecture, monitoring, change control and problem management. As head of the company’s Operations Group, he is responsible for check processing, statement processing, ATM operations, ACH and wires, fraud disputes, cash vaults, lockbox, safe-deposit processing, armored logistics, accounting support for retail stores and deposit document …show more content…
The bank has continued to provide “The bank had continued to provide personal, responsive service by connecting its customers to essential financial services 24 hours a day - by ATM, phone, personal computer or through a growing network of traditional and supermarket branches” (University of Michigan). As a result, Wells Fargo bank has turned to the one of the largest and busiest in the U.S. providing banking services to more than 10 million households in the 10 Western states. (sites.google.com). According to Wells Fargo Quarterly Fact Sheet Statistics, one in three households the United States does business with Wells Fargo and Company because if increasing new electronic banking channels. Electronic banking channels have enabled customers to perform more transaction without need of going to the bank and interacting with banking