Page 27 - Wells Fargo Bank (C) Teaching Note

2. A cultural operational model - how to steer the
bank operations to achieve its ethical stance.

For the banks, facing a

prolonged period of low interest

rates, we may also ask the

question - what pressures came

to bear when they began to

resort to non-interest-based

products to earn profits? And

what were the effects on

organisational culture? See

Diagram 5.

The Fraud Triangle

Pressure

Low interest rates lead to pressure
to develop new non-interest-
based products and consequently
greater volumes of such business
to increase profits
Diagram 5