1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
skelet666 [1.2K]
3 years ago
15

When Wells Fargo employees fraudulently opened customer accounts in order to meet extremely high sales quotas, rehabilitating th

is bank's shattered reputation was expected to be time-consuming and costly because _________a. its employees' actions could result in increased corporate taxes on the bank's profits. b. its employees' actions could lead to unnerved creditors and increased risk of default on loans due to potential business fallout c. its employees' actions could result in higher stock prices and higher returns on invested capital. d. its employees' actions could result in the increased costs of servicing the bank's customers. e. its employees' actions could result in poaching talented employees from rival banks.
Business
1 answer:
Svetradugi [14.3K]3 years ago
3 0

Answer:

The correct answer is letter "B":  its employees' actions could lead to unnerved creditors and increased risk of default on loans due to potential business fallout.

Explanation:

The Wells Fargo scandal refers to the fraudulent activity found on the American bank during 2011 and 2016 as a result of opening fake accounts. It is estimated that the bank revenues were around $575 million from those types of accounts. According to the Consumer Financial Protection Bureau (CFPB), Wells Fargo charged $2 million only in charges for 85,000 deposit accounts that were open without authorization.

Under such a scenario, <em>investors and account holders were uncertain on what to do with their positions in the bank since it could easily face a fallout. This scenario represents a risk for the financial institution because customers were likely to lose interest in the bank's products like loans. </em>

<em>An online survey conducted in 2018, reflected that Wells Fargo could lose $93 million in deposits over 2019.</em>

You might be interested in
A contract in which the vendor (seller) agrees to convey the title to the real property after the vendee (buyer) has met certain
lubasha [3.4K]
The name of the contract is CALIFORNIA SALES CONTRACT AND CIVIL CODE. This contract is majorly used for purchase of lands in California. The conditions attached to the use of the contract has make it less attractive to people who desire to purchase landed properties in California.
8 0
3 years ago
In a dispute between advocates of restrictions on advertising to children and advertising firms, judge oh would favor?
Studentka2010 [4]
Judge Oh would likely be in favor of the advocates of restrictions on advertising as Judge Oh would likely the needs of the children of which are not able to think more critically in regards of the ads in which gave the reason as to why Judge Oh favors more the advocates of restrictions on advertising.
4 0
4 years ago
Doug is filing singly. his net taxable income is $80,575. every week, $304 is withheld from his earnings for income tax. based o
mariarad [96]

Basing it on the information given, he will owe an additional $731.

<span>Since your taxable income has been identified, you just look up your income, find the column with your filing status, and then find the amount of tax you owe.</span>

6 0
3 years ago
Read 2 more answers
Select the correct answer from each drop-down menu,
Alik [6]

Answer:

C) property

A) direct tax

Explanation:

5 0
3 years ago
Last week at a​ festival, a man sold 5 times as many​ tie-dyed T-shirts as​ silk-screened shirts. He sold 234 shirts altogether.
Kipish [7]

Answer:

The tie-dyed t-shirts is 195

Explanation:

Let us assume the silk-screened shirts be X

And, the tie-dyes t-shirts would be = 5X

And, the total value equals to

silk-screened shirts + tie-dyes t-shirts

X + 5X = 234

6X = 234

X = 234 ÷ 6 = 39 shirts

So, the silk-screened shirts are 39 and, the tie-dyed t-shirts is 5 time of silk-screened shirts.

After total of the silk-screened shirts and  the tie-dyed t-shirts, the total number of shirts would be same i.e 234 t-shirts.

Therefore, the tie-dyed t-shirts is 195

6 0
3 years ago
Other questions:
  • The salary for an occupation is determined by the federal government <br> True or false?
    9·2 answers
  • A put on Sanders stock with a strike price of $35 is priced at $2 per share, while a call with a strike price of $35 is priced a
    10·1 answer
  • The united states economy spends about as many months in recession as it spends in expansion. True or False
    15·1 answer
  • You toss a coin three times. If you toss heads exactly two times, you win $2. If you toss heads all three times, you win $8. Oth
    11·1 answer
  • The American Civil Liberties Union was heavily funded by the Republican Party and Wall Street businessmen in the hopes of promot
    10·1 answer
  • Piper Corporation’s standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company work
    7·1 answer
  • _____ put(s) users in control so that they can create custom reports on an as-needed basis by selecting fields, ranges, summary
    5·2 answers
  • Girls can log onto www.Barbie and design their own special Barbie doll. They can choose the doll's skin tone, hair color, clothe
    12·1 answer
  • If your risk-aversion coefficient is A = 4.4 and you believe that the entire 1926–2015 period is representative of future expect
    6·1 answer
  • What are the 4 types of stakeholders ?<br>Thank you ~​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!