Page 14 - Wells Fargo Bank (C) Teaching Note
P. 14

PEST

















                                                                    Donald Trump

                                                                    Regulatory actions


                                          Inflation
                                          Exchange Rates

                                          Trade Wars


                                                                    Population U.S.A. –

                                                                    Growing immigrant population
                                                                    grey services/product needs



                                          Digital disruption,
                                          blockchain,

                                          FinTech companies









                 Diagram 3: Wells Fargo Bank
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