Summary Of John Maxfield's Wells Fargo
This article by John Maxfield analyzes Wells Fargo and explains the good and bad aspects associated with this company. Wells Fargo seems to be a profitable and efficient organization, but not all their success can be contributed to hard work.
One of Wells Fargo’s factors to success has been their cautiousness to risk. Leading up to the financial crisis of 2008, Wells Fargo did not overindulge in the mortgage bubble before the housing market failed. As a result, they did not lose billions of dollars and were able to acquire Wachovia, a financial services company. Although Wells Fargo was wise with their risk, their competitors, Bank of America and Citigroup, suffered extreme losses. The same situation also happened in 1990 during the commercial
One of Wells Fargo’s factors to success has been their cautiousness to risk. Leading up to the financial crisis of 2008, Wells Fargo did not overindulge in the mortgage bubble before the housing market failed. As a result, they did not lose billions of dollars and were able to acquire Wachovia, a financial services company. Although Wells Fargo was wise with their risk, their competitors, Bank of America and Citigroup, suffered extreme losses. The same situation also happened in 1990 during the commercial