Abstract
Wells Fargo is an American company and thus has to deal with the US government policy. Nowadays the latter is globally stable but the company must adapt to new education rules (such as educational loans), taxation, new technologies, access to property (real estate loans), and labor market. Besides, the company has to respect all directives of the Basel Accords. The company enters the frame of the Gramm-Leach-Bliley Act, which allows investment and commercial banks to consolidate.
Wells Fargo operates in the financial services industry and is thus part of the American Banking System. This position explains why the company suffered so much from the financial crisis. Moreover, Wells Fargo is used to dealing with cross selling and mortgages hence its activities are linked to both interest rates and GNP. For instance, rises in interest rates in 2008 and 2009 have affected the company.
