Wells Fargo/ Wachovia Merger

Assignment on Wells Fargo/ Wachovia Merger By ABC Date 1. How will Wells Fargo be reorganized?  The merger will give the Wells Fargo Bank an edge due to its big structure in retail banking. The reorganization will be very easy for the bank as it is considered as the strongest banking institution reducing the market turmoil in this economic crunch. The reorganization would be helpful and quick because the bank does not require any assistance from the FDIC or any other government or state department for this merger. The deal could enable the bank preserve and intact the value of Wachovia without state department support. The reorganization process of the two institutions will include the marking down of the assets to fair values and alleviating the pressure. CITATION Dea08 \l 1033 (Dealbook.nytimes.com, 2008) 2. How Wells Fargo might look in 2-5 years?The merger has helped the New York based bank by making it more profitable because it avoided the risky loans, which the Wachovia has already given. The merger would help the organizations in getting huge number of customer databases that the Wachovia already possessed. The merger might result in the increased cost savings on annual basis and boosting the per share earnings of the bank by 20%. The acquisitions of the Wachovia would serve the Wells Fargo bank to become a comprehensive financial services provider and a huge national bank. The scope of the bank would expand over to the whole world due to the presence of Wachovia in more than one country. CITATION Jon09 \l 1033 (Stempel, 2009)3. Was the merger a good idea?The results have shown that the acquisition has helped the Well Fargo bank a huge benefit in its earnings amounted to $3 billion in the first quarter of the year. The deal was considered as strong and beneficial because of the huge databases of customers with the Wachovia. The bank started to earn profits from the very first quarter of the year and the bank expects to earn more in the coming years as well. The bank was able to cut the operational costs not by closing the branches rather lying off the employees. CITATION Mon08 \l 1033 (Money.com, 2008)4. Indicate the good and bad results after the merger? The merger results in good results for the Wells Fargo bank in the form of increased annual profits and margins of the bank. The merger also helped the bank also helped the bank by lending to specified owners that enjoys a good reputation with the Wachovia. The bank was able to cut its costs of operations by lying off the employees rather closing the branch operations. The scope of the bank was marginalized due to the presence of the Wachovia Corporation in different countries. The regulatory reform costs on the clients were the biggest issue in this merger or influencing badly on the bank. The bank was able to gain a huge market share as they win the customers’ confidence by this merger. CITATION MAT11 \l 1033 (RIEKER, 2011)References: BIBLIOGRAPHY \l 1033 Dealbook.nytimes.com. (2008, October 3). Wells Fargo to Buy Wachovia in $15.1 Billion Deal. Retrieved April 08, 2015, from http://dealbook.nytimes.com/2008/10/03/wells-fargo-to-merge-with-wachovia/?_r=0 Money.com. (2008, October 5). Battle for Wachovia. Retrieved April 8, 2015, from http://money.cnn.com/2008/10/05/news/companies/citi_wachovoa/ RIEKER, M. (2011, January 21). Wells Fargo's Results Show More Benefits of Wachovia Deal. Retrieved April 8, 2015, from http://www.wsj.com/articles/SB10001424052748704590704576091663157991174 Stempel, J. (2009, January 01). Wells Fargo completes Wachovia purchase. Retrieved April 8, 2015, from http://uk.reuters.com/article/2009/01/01/wellsfargo-wachovia-idUKN0133136720090101

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Category Business-to-Business Marketing
Paper Type APA
Reference Type Assignment
Words 560

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