Wells Fargo CFO Says Scandal Costs Will Abate This Year
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Business, Social Studies
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was Wells Fargo's net income in Q1, and how did it compare to the previous year?
Three billion dollars, with a 1% increase year over year
Five and a half billion dollars, with a 4% increase year over year
Six billion dollars, with a 5% increase year over year
Four billion dollars, with a 2% increase year over year
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy did Wells Fargo implement to improve customer service in branches?
Reducing branch hours
Increased advertising
Retraining branch staff and introducing new compensation programs
Offering higher interest rates on deposits
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for Wells Fargo's increased expenses?
Higher salaries for executives
Increased marketing costs
Legal fees and consulting costs
Expansion into new markets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When does Wells Fargo expect the major costs related to legal issues to start decreasing?
In the middle of 2018
By the end of 2017
Toward the end of 2017 and into 2018
By the beginning of 2019
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected duration for the litigation related to sales practices?
It will be resolved by the end of 2017
It will be settled within a few months
It could last into 2018 or afterward
It will conclude by mid-2018
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