Wells Fargo Bank : the fake accounts scandal / Thompson S. H. Teo, Sheryl E. Kimes.

Format:

Book

Author/Creator:

Teo, Thompson S. H., author.

Kimes, Sheryl E., author.

Series:

SAGE Knowledge. Cases.

SAGE Knowledge. Cases

Language:

English

Subjects (All):

Wells, Fargo & Company.

Bank fraud--United States--Case studies.

Bank fraud.

Corporate culture--United States--Case studies.

Corporate culture.

Accounting fraud--United States--Case studies.

Accounting fraud.

Corporate turnarounds--United States--Case studies.

Corporate turnarounds.

Wells, Fargo & Company--Case studies.

Sloan, Timothy.

United States.

Genre:

Case studies.

Physical Description:

1 online resource.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2019.

System Details:

text file

Summary:

Wells Fargo Bank ("Wells Fargo") was once the world's largest bank by market capitalization with a net worth of USD 301.6 billion in 2015--USD 40 billion more than J. P. Morgan Chase. It was a U.S. bank headquartered in San Francisco, California, that provided banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services. In September 2016, Wells Fargo was fined USD 185 million by three government authorities for unauthorized creation of 2 million bank accounts and credit cards between May 2011 and July 2015. This incident led to the questioning of company practices as well as a public scandal. The case raises the issue of what the management did to address the fake accounts scandal and what they could have done differently. Students can also debate who should be held responsible for the fake accounts scandal.

Notes:

Includes bibliographical references and index.

No ILL or scholarly sharing allowed.

Description based on XML content.

ISBN:

9781526478894

OCLC:

1089142132

Access Restriction:

Restricted for use by site license.