Founded in 1852, Wells Fargo is one of the largest banks in the United States. When internal fraud at Wells Fargo was exposed to the public in September 2016, what type of risk was increased at Wells Fargo due to this fraud?
A) Reputational risk
B) Compliance risk
C) Physical risk
D) Operational risk

Question

Quizplus · Accepted Answer

The exposure of internal fraud at Wells Fargo in 2016 significantly increased its reputational risk, as the public's trust and perception of the bank were severely damaged.

Founded in 1852, Wells Fargo Is One of the Largest