What Advice would you give to the New CEO for Wells Fargo to fix the previous fraudulant...

What Advice would you give to the New CEO for Wells Fargo to fix the previous fraudulant charges?

Expert Solution

The advice given to the new CEO for Wells Fargo to fix the previous fraudulent charges can be explained as follows.
Wells Fargo is an American financial services company operated in many nations and this company is based on USA.
Some famous frauds and conspiracy related to Wells Fargo are.
Lawsuit regarding excessive overdraft fees it means it was charged by excessive fees on overdraft facility so my suggestion for the new CEO is to reduce the overdraft and other charges in the bank so that it increases the conveniency of the customers.
Lawsuit due to premium inflation on forced place insurance it means they are charging high rate of premium and the in force to take the insurance policies to maximise the benefits but my suggestion for the new CEO is to reduce the premium rate and to provide the flexibility to the customer so that it can be convenient to to the policies and work according to their plans.
There’s one thing related to fraudulent activities and charges that is failure to monitor suspected money laundering so my suggestion is to monitor it properly for better efficiency.

Rahul Sunny answered 8 months ago

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