No Need to Hurt Your Online Reputation Event More

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No Need to Hurt Your Online Reputation Event More, Wells

Consulting an ORM agency is the best bet for Wells Fargo to do after the news that has been going on lately. The bank Wells Fargo is currently under fire right now for their fake account scandals. The company had to take charge and fire all employees who opened fake accounts in the last year since this has really affected their reputation as a banking company.

Employees of Well Fargo have opened a total of 2 million phony accounts and therefore they are in need of cleaning up their online reputation right now. It is important for companies to clean up their online reputation management more than they think since not only does it hurt your reputation, but when you have a lousy online reputation your sales will reduce. Customers will go to Wells Fargo competitors instead of their local bank instead over these scandals that have been going on which is a huge loss for the bank.

It is said that Wells Fargo has been using arbitration clause in its customer contracts to kill lawsuits over these fake accounts which is unethical practices as we know. It isn’t alright to have fake accounts for any company especially for a bank since not only does it diminish your customers trust, it also becomes a problem for the industry itself. Now customers will constantly be thinking about where to put their money and will always be searching up the different bankers around their area for any scandals and bad reviews. Ultimately that’s what the ORM agency can do, they can help Wells Fargo repair their online reputation so that eventually when this whole scandal situation dies down, they will have more customers coming to them rather than to their competitors.

The new news is that now the company is paying hundreds of millions of dollars to repair the damage from its sales scandal in which their employees have opened 2 million fake accounts. One important question remains, which is who hired these Wells Fargo employees?


Latest Activity: May 17, 2017 at 5:59 AM



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