Wells Fargo Essays

  • Wells Fargo A Bank In The 1850's

    989 Words  | 4 Pages

    Wells Fargo might be thought of as a bank today, but in the 1850’s, it’s primary service was mail delivery (Maxfield). The company Wells, Fargo & Co. is known for its banking and mail delivery services in the Old West, and today, is an extremely successful bank. Wells, Fargo, & Co. had paths on which they would go on to deliver mail from one place to another across America. In 1858, Wells Fargo’s stagecoaches delivered mail from texas to california (Wells Fargo 5). Wells Fargo was a bank who buys

  • Financial Accounting: The Wells Fargo Scandal

    730 Words  | 3 Pages

    CNN Money reports that Wells Fargo “has the highest market valuation among any bank in America, worth over $250 billion” (Egan, 2016, p.1). A company worth billions definitely warrants investment attraction from existing and potential shareholders. According to CNN Money “5,300 Wells Fargo employees were fired over two million phony accounts that were created since 2011, unknowingly in existing customers name” (2016, p.1). Essentially, customers were not aware that there duplicate accounts in their

  • Values And Culture Of Wells Fargo

    718 Words  | 3 Pages

    when I saw the logo of Wells Fargo, it is the western movies image that many non-Americans associated with the U.S.A. this logo (stagecoach) for a bank is unusual and as ex-bank employee, I try to learn more in order to compare. What I learned arouse my wish to work upon my graduation and why not you? Its welcome, I quote “Regardless of our growing size, scope, and reach, we must never lose sight of putting our customers first and helping them succeed financially.” (Wells Fargo & Company) summarize

  • Company Overview Of Wells Fargo

    1111 Words  | 5 Pages

    BACKGROUND: The name Wells Fargo is forever linked with the image of a six-horse stagecoach thundering across the American West, loaded with gold. The full history, over more than 160 years, is rich in detail with great events in America’s history. From the Gold Rush to the early 20th Century, through prosperity, depression and war, Wells Fargo earned a reputation of trust due to its attention and loyalty to customers.Wells Fargo delivered business by the fastest means possible whether it was by

  • Wells Fargo Research Paper

    754 Words  | 4 Pages

    Wells Fargo has been in business for over 160 years and was founded on March 18, 1852, by Henry Wells and William Fargo. The company opened its first office, in San Francisco, on July 1852. Wells Fargo served the West with banking needs, which included gold and paper bank drafts, and offered quick delivery of gold or other valuables. In1855, the first of many financial dilemmas took place when a drought made it impossible to mine for gold, and this caused almost 200 businesses in San Francisco to

  • Wells Fargo Competitor Profile

    701 Words  | 3 Pages

    Name: Internship Company: Purpose: The purpose of this assignment is to familiarize you with research on the larger industry as a whole as well as a specific competitor within the industry. Competitor awareness will allow you to further your knowledge of the industry and make you a more competitive job candidate. Briefly describe your industry: Wells Fargo is a financial services company. They have three main operations that include: community banking, wholesale banking, and wealth and investment

  • Wells Fargo Reputation Summary

    915 Words  | 4 Pages

    Wells Fargo has been the talk of the nation for the pass week. The article, “Next test for Wells Fargo: Its Reputation” by Emily Glazer discuss Wells Fargo’s reputation under scrutiny and what we can anticipate. I will discuss the article, share commenter’s opinion and experience as well as my outlook on the future of Wells Fargo. The following are the facts of Wells Fargo’s (WF) scandal. WF employees were opening false accounts, creating personal identification numbers and moving funds without

  • Class Action Lawsuit: Wells Fargo By Mike Feuer

    1141 Words  | 5 Pages

    In May of 2015, Wells Fargo faces a class action lawsuit, led by Mike Feuer, lawyer of the city of Los Angeles, for the dishonest and complete disregard to the treatment of its workers and clients. As far as the case goes, Wells Fargo has been blamed for setting unrealistic goals for its workers, actuating them to use deceitful means for meeting the set standards. Wells Fargo has basically set itself up for a classic case of “Ill-Conceived Goals, where such high pressures are set onto the workforce

  • Stumpf's Code Of Ethics: The Case Of Wells Fargo Controversy

    968 Words  | 4 Pages

    Term Paper Part #1 Wells Fargo is a company that has faced a great deal of controversy over the last few years. The main controversy was with fraudulent accounts being made for Wells Fargo customers without their consent and employees really focusing on cross-selling to meet sales goals. In 2016 Wells Fargo & Company’s Chairman of the Board Stephen W. Sanger addressed the shareholders that he and other board members where troubled that Wells Fargo had violated the trust it had with its customers

  • How The Wells Fargo Phony Account Scandal Sunk

    727 Words  | 3 Pages

    Wells Fargo In September of 2016 news broke out about the Wells Fargo scandal. Wells Fargo employees secretly opened millions of illegal fake credit cards and bank accounts for unknowing customers. According to How The Wells Fargo Phony Account Scandal Sunk John Stump, “Wells employees created more than 1.5 million unauthorized deposit accounts and issued more than 500,000 unauthorized credit card applications. These accounts racked up $2.6 million in fees for the bank.” These employees started

  • Wells Fargo: Commitment To The Hispanic And Latino Community

    911 Words  | 4 Pages

    Today, Wells Fargo is widely recognized for its commitment to the Hispanic and Latino community. This commitment however, is not a recent phenomenon and dates back to before the turn of the century. Since its founding in 1852, Wells Fargo had encouraged team members to treat all customers with courtesy and respect. The once informal policy became company standard in 1888 when agents and managers were required to show “proper respect to all. Let them be men, women, children, rich or poor, white or

  • Summary Of Don T Like Your Mortgage Servicer By Wells Fargo

    707 Words  | 3 Pages

    begins to talk about the “sins that Wells Fargo committed against consumers” (Para 1). Wells Fargo has charged customers with unnecessary auto insurance to increase the loan that’s borrowed. There have also been unauthorized changes to customers mortgages. Also, Wells Fargo employees has also created fake accounts “numbering in seven figures” (Para 2). The article then talks about the difficulties and frustration of getting out of a mortgage with Wells Fargo if you have an existing mortgage. Furthermore

  • What Is The Name Of Initial Board Of Director Of Henry Wells Fargo

    337 Words  | 2 Pages

    Henry Wells and the Fargo was the founder of the Wells, Fargo Company. Henry Wells was the founder of the Wells and Company and Fargo was a partner in Livingston, Fargo and Company. Due to increase in the competition environment they both felt to join the American Express Company that was a major competitor. After the separation of the directors and others issues to American express, they decided to establish their own Company. On the march 18, 1852 they form Wells, Fargo & Co. It provides financial

  • Corporate Culture In Wells Fargo

    717 Words  | 3 Pages

    Introduction Wells Fargo is a traded on an open market organization that was established by Henry Wells, William G. Fargo, and partners on March 18, 1852. Amid the time in which it was established, stagecoach thefts were scandalous. Around then, they concentrated on securely transporting their cash from Nebraska to California. Presently, Wells Fargo utilizes this stagecoach picture as their organization 's experience and primary showcasing procedures (Allenby, 2005). Stage of Corporation Life Style

  • Wells Fargo Billing Glitch In Wells Fargo

    755 Words  | 4 Pages

    On January 17, Wells Fargo had a huge billing glitch that messed with many people’s accounts. Wells Fargo is a financial services company headquartered in San Francisco. Wells Fargo double-charged an unknown number of customers due to a technical error. The glitch reportedly affects customers registered to pay their bills automatically online. Wells Fargo promised that they would refund any related fees or charges to their customers who received the glitch. Many of the people affected were voicing

  • Wells Fargo, Wells, And William G. Fargo

    395 Words  | 2 Pages

    today as Wells Fargo began its’ long history in March of 1852 in New York City when Henry Wells and William G. Fargo joined with several other investors to start a shipping company. This was not the first time these two had worked together, however, or the first shipping company that these two men had been founders of. They were both pioneers in the Express industry and used these skill to open their own shipping and banking business. In 1843, seeing the potential in westward expansion, Wells founded

  • Summary: Wells Fargo

    986 Words  | 4 Pages

    The three banks I have chosen for this activity are Wells Fargo, Bank of America, and Citi-- all three branch-type banks to make it an even match. I will be focusing on the next factors when deciding which bank I am most comfortable with : Saving accounts, CD rates, and top rate credit cards. 1) Saving Accounts Wells Fargo Wells Fargo’s top savings account (Way2Save Savings) has an APY of 0.01%, a monthly $5 fee, and a minimum balance to open at $25. Indeed, by investigating more I was able to

  • Wells Fargo's Corporate Culture

    1001 Words  | 5 Pages

    My article “Can New CEO Tim Sloan Fix Scandal-Plagued Wells Fargo’s corporate Culture?” by Peter Dreier tells us just how Wells Fargo will go to fraud the shareholder and their customers. Wells Fargo has been hit over the year will so many fines for unscrupulous banking procedures due to overzealous sales goals. Hoping to turn it around the bank has split the job of CEO and Chairman of the Board into two position instead of one. The CEO position formerly held by john Stumpf will not go to Tim

  • Risks In Wells Fargo

    440 Words  | 2 Pages

    Wells Fargo is vigilant in the detection and reporting of suspicious or potential fraudulent activity undertaken by customers and perpetrators. The ongoing advancement of technology continue to introduce new risks and opportunities for fraud. Dr. Tarisa Watanagase (2008) note "the pace and complexity of these advances have vastly accelerated beyond the risk associated with traditional credit and market risk activities. One of those emerging risks in financial institutions is fraud risk, which needs

  • Personal Narrative-The Iowa High School State Wrestling Tournament

    1631 Words  | 7 Pages

    Dreams 16,000 people, 3 mats, 2 wrestlers, do you know what this great venue is? The Iowa High School State Wrestling Tournament Finals. I have been dreaming of this opportunity since I was a little kid. But as you may know, you do not just get handed these opportunities. You have to work for them. Once the season started I knew what I had to do to get my chance to win a state title. I started the season off, being ranked first at my weight class which was 106 lbs. That was a huge confidence booster