A RECENTrgest banks in the world, points to a growing United States economy and a bright future for that country.
He based his optimism partly on the level of business activity that he had seen across the country, resulting from the strength of lending in a low interest rates environment. According to him, it has allowed customers to buy homes and also contributed to record sales of automobiles in 2015.
Although there are still challenging circumstances in the US economy, such as global economic volatility, dramatic swings in the stock market and anti-bank political rhetoric, he remains bullish on America. He said that the bank focuses on serving the real economy and helping people achieve their financial dreams such as buying a first home, starting a business, sending a child to college, and saving for retirement. This wide array of products and services is what helped the bank to succeed and become one of the largest and most valuable in the world for the past four years.
Banks throughout the Caribbean need to take a page from Wells Fargo’s book and focus on customer service, and meeting all of the financial needs of customers in order to succeed. Such a model will lead to increases in deposits, loans and total assets, which are the keys to growth and success in the banking industry.
– ASHLEY L. McCLEAN
