Page 18 - Wells Fargo Bank (C) Teaching Note

Furthermore, despite the size of the fines, banks have
been aggressively returning money to shareholders

through stock buybacks and dividends. Wells Fargo said it
was looking to give more money back to shareholders

after the Federal Reserve said it wouldn’t allow it to grow

any more after its wave of customer scandals.

The big question is how long the consent order will last.

(1,3)

Growing immigrant population

Banks will inevitably have to take into consideration the

constituents of the US population and its growth

dynamics.