Buy custom Wells Fargo Leading 21st Century Banking
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| Topic: |
Business
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| Number of pages / Number of words: |
28 / 7769 |
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Wells has thus far been the leader in innovation creativity and speed to market. SmartMoney magazine named Wells Fargo "Best Online Bank" in 1996. And, in 1996, the Wells Fargo Internet site was also awarded "Best Overall Site by a U.S. Financial Institution" by the Online Banking Association. Yahoo!, the Web site locator, gave the bank's home page a four-star rating (its highest)...
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Financial Institution" by the Online Banking Association. Yahoo!, the Web site locator, gave the bank's home page a four-star rating (its highest).
However, Dudley and his team also realized a downside to online banking and the new era of electronic commerce. The ease and affordability with which any bank could gain an Internet presence and access to a significantly larger market meant that large banks would not necessarily enjoy the advantages that they had in the past over smaller banks ' lower operating costs, marketing advantages, larger distribution channels...
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General points of the essay
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