and social responsibility aspects of the Lori Wigod vs. Wells Fargo case. State and federal law will be discussed in the legal section and analyzed in accordance with the case. In the ethics section three very popular ethical theories will be reviewed that will encourage open-mindedness from the reader. Finally‚ the social responsibility section will take into account both the law and ethics among other characteristics to see if Wells Fargo was benefiting or hurting society. Table of Contents
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In 1852‚ Henry Wells and William Fargo established a company that has impacted American in almost all the right ways. Over the past few months‚ Wells Fargo reputation has been tanking because of the millions of fake accounts the employees have been making to reach their sales goals. On March 18‚ 1852‚ Henry Wells‚ William Fargo and many others joined together to form a joint stock company‚ that provided banking and express services in California. Wells Fargo and Company’s Express granted financial
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III. Marketing and Competitive Position Wells Fargo has started rebuilding trust with their customers by sending out email blasts with a marketing strategy geared to reinforce their commitment to ethics and integrity focusing everything the bank does on the customers they serve. Finances The purpose of the financial analysis is to evaluate the financial stability of an organization. The analysis can help identify areas for possible improvement‚ and areas of strengths that will enhance or compliment
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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
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to analyze the dealings and negotiations between the merge of Wells Fargo & Company and Wachovia Corporation. Wachovia Corporation had been in talks with Citigroup regarding the merging of the two companies around the end of September in 2008. By September 28‚ 2008‚ Wells Fargo had expressed an interest in obtaining the Wachovia Corporation and by October 3‚ 2008‚ announced that they were going to go through with the merge. “Wells Fargo had expressed interest in buying Wachovia‚ but suddenly withdrew
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Wells Fargo is considered one of the largest financial institutions in the US and one of America’s largest employers with more than 150‚000 team members. Wells Fargo is a successful financial institution because they grow with people and technology. Technology such as computers‚ cell phones‚ i-pods‚ webcams‚ and other new technology devices are reshaping the way we play‚ communicate‚ and plan our lives and where we work. Wells Fargo uses their website to provide information to its customers‚ investors
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Commercial Bank: Wells Fargo Background: Wells Fargo is the largest bank in terms of market capitalization and the fourth largest bank in the United States in terms of assets. The present Wells Fargo is a result of a merger between San Francisco-based Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. Later on October 3‚ 2008‚ Wells Fargo acquired Charlotte-based Wachovia for about $15.1 billion in a stock-for-stock transaction. Its headquarters is currently located in
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Wells Fargo has been in the news lately over ethical allegations that the bank’s employees‚ driven by strict sales quotas‚ regularly opened new accounts for customers without their knowledge. City and federal officials have reached a settlement of at least $150 million with Wells Fargo. The settlement‚ according to documents reviewed by The Times‚ calls for the San Francisco banking giant to pay $50 million in penalties to local officials and to compensate account holders for fees related to bogus
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unethical behavior I found a very interesting article about Wells Fargo & Company. I found this article particular interesting because I do much of my personal banking at Wells Fargo bank.
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The Perfect Match: Wells Fargo vs. Bank of America The banking industry is highly competitive. The financial services industry has been around for hundreds of years. Wells Fargo has many competitors itself. In this paper‚ I will be doing a comparison of Wells Fargo & Company (WFC) and one of its biggest competitors‚ Bank of America Corporation (BAC). By analyzing looking at the financial ratios‚ one can see whether the company is successful or not. In the following‚ I will try to analyze and
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