Wells fargo is loosing business with their customers, even the ones that were not affected because they do not trust the bankanymore. I personally do not know if the cost for running a bank will go up or down, but with this current issue I believe it will cost thebank. Wells fargo will have to hire new employees which will cost the bank money as well as more in debt training. Now with all these issues, who is affected? The bank and consumers are affected. Now from personal exeprince working at a Wells fargo bank, goals that needed to be met were ridicoulous and yes if you did not meet your goals termination was definitely a possibility. Are the actions by the employees justified by creating fraudulent accounts, no they are not, but unfortunately we live in a messy world. people need to have a job to provide for their families and maybe this was an incentative to create fraudulent accoutns. No matter the reasons behind this, what was done is wrong and unethical. In effect to Wells fargo fraduelent accounts, now the bank has to mend their wrongs and it will only take time to gain the publics trust and to focus on customer service rather than unrelaic
Wells fargo is loosing business with their customers, even the ones that were not affected because they do not trust the bankanymore. I personally do not know if the cost for running a bank will go up or down, but with this current issue I believe it will cost thebank. Wells fargo will have to hire new employees which will cost the bank money as well as more in debt training. Now with all these issues, who is affected? The bank and consumers are affected. Now from personal exeprince working at a Wells fargo bank, goals that needed to be met were ridicoulous and yes if you did not meet your goals termination was definitely a possibility. Are the actions by the employees justified by creating fraudulent accounts, no they are not, but unfortunately we live in a messy world. people need to have a job to provide for their families and maybe this was an incentative to create fraudulent accoutns. No matter the reasons behind this, what was done is wrong and unethical. In effect to Wells fargo fraduelent accounts, now the bank has to mend their wrongs and it will only take time to gain the publics trust and to focus on customer service rather than unrelaic