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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>

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B. One year from now, Stock X's price is expected to be higher than Stock Y's price.

Explanation:

Hope it helped...Please mark brainliest. Have a nice day!

7 0
2 years ago
Which of the following is an example of electronic banking?
Vedmedyk [2.9K]

Answer:

B. Wiring funds from one account to another

Explanation:

electronic banking can be defined as a process through which money is being transferred through electronic signal exchange rather than the traditional way of money exchange throug cheque or  documents.

Electronic banking facilities that uses electronic equipment are;

  • ATM
  • point of sale banking(POS)
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3 0
3 years ago
Read 2 more answers
If a bond's coupon rate exceeds its yield to maturity, the bond is selling at ____________.
Lera25 [3.4K]

If a bond's coupon rate exceeds its yield to maturity, the bond is selling at a premium over par.

A premium is an amount that an insured person pays to an insurance company on a regular basis to cover a risk. Description: In an insurance contract, the risk is transferred from the policyholder to the insurance company. To take on this risk, insurance companies charge an amount called a premium.

This is the price paid to an insurance company by an individual or company wishing to enter into an insurance policy. Premiums are the income of insurance companies. The premium amount depends on the type of insurance. It also depends on factors such as the type of insurance coverage. The age group to which the policyholder belongs.

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5 0
1 year ago
What is the MOST important aspect of project risk management for your project? Group of answer choices Establishing a quantitati
aliya0001 [1]

Answer:

Risk management planning

Explanation:

Business organizations sometimes find themselves in trouble inspite of a carefully planned project.this is due to unexpected turn of events in and around the business.business organisarions ,therefore employ and execute project risk management to counter attack potential risk.the important aspect of risk management is risk maangemnt planning.risk maangemnt planning not only identify potential problems but also analyse their behavior.they help to take remedial actions to prevent risks and minimize unexpected avoidable risks.

8 0
3 years ago
What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979
borishaifa [10]

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = (\frac{last value}{initial value} )^{\frac{1}{n} } -1

The last value = $800

The initial value = $400

n = number of years

Growth rate = (\frac{800}{400} )^{\frac{1}{22} } -1

                   = (2)^{\frac{1}{22} } -1

                   = 1.032 - 1

                   = 0.032

Growth rate % = 0.032×100

                        = 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

brainly.com/question/1383956

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4 0
2 years ago
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