Ethics And Ethics In The Bank Wells Fargo's Code Of Ethics

In this paper the topics about ethics and privacy are going to be the main topics of discussion. Two businesses are going to be used in order to give examples about ethics and privacy. The bank Wells Fargo is going to be used to explained bad ethics and bad privacy. Wells Fargo has failed the code of ethics, and also violated their costumer’s privacy, because they used information that should have been used without the customer’s consent. The company Nike is going to be used to represent good ethics and good privacy, and what they do in order to be the amazing company they are today. Even though both businesses are extremely successful, it shows that not all companies decide to follow the laws when it comes to ethics and privacy. Choosing a bank in today’s society might be one of the most stressful decisions to make. This decision is starting to become more and more difficult every day, because banks that once were trustable and ethical like Wells Fargo, have recently failed their customers. It is extremely hard to be …show more content…
Something that Wells Fargo try to do in order to make the situation better, was to come out to the public and state that over the last five years they had fired 5,300 employees due to uncommon behavior, but in reality it did not make things better. They also agreed to pay $185 million in fines, and an additional $5 million to refund customers. Even after Wells Fargo came out and agreed to refund customers it did not change the opinion of their customers like Chicago’s treasurer. “Chicago Treasurer Kurt Summers plans to divest $25 million the city has invested with Wells Fargo & Co…” What Chicago’s treasurer is doing is a clear example of what Wells Fargo might face in next couple of months, people are going to start withdraw their money from Wells