See Next Page for #1 continued: On February 2, 2018, the Federal Reserve Board issued an unprecedented enforcement action against Wells Fargo & Company, prohibiting its asset growth until improvements in bondated by oversight and firm wide risk management systems are implemented. And while mobs would be the consent order, the Federal Reserve also announced that four Wells board members replaced by the end of the year. Finally, the Federal Reserve also publicly issued let reprimand to Wells' former CEO and Chair and former Independent Lead Director for failing lo satisfy the Federal Reserve's supervisory ters of current board criticizing its past pns; a third public letter was issued to Weills Please see: https/www.paulweiss com/imedia/3977616/12feb18 wells-fargo pd And htt rsene.govewsevents/pressreleases/enforcement20180202a.htm United States Federal Reserve Press Release February 02, 2018 Responding to widespread consumer abuses and compliance breakdowns by Wells Fargo, Federal Reserve restricts Wells' growth until firm improves governance and controls. Concurrent with Fed action, Wells to replace three directors by April, one by year end For release at 6:15 p.m. EST Question 1: See both questions below, and there is no wrong answer here, per se. Please write a minimum of three to four paragraphs, and cite resources, yet don't go overboard please, thanks ( have given example points to discuss aside from actual questions): Considering the 2006 SEC enforcement action brought against Goldman Sachs, and the ensuing market loss, please compare and contrast this, pointing to differences, with the more recent Wells Fargo and the U.S. Federal Reserve's Enforcement Action on February 2, 2018. Please Calculate the approximate loss of market value which Wells Fargo incurred in the five trading days which followed 2/2/2018, the date of the U.S. Federal Reserve Board of Governors' enforcement actions? (hint: one can use historical pricing such as on Yahoo! Finance a) b) Aside from the compare and contrast and calculating Wells Fargo's market loss,here are further ideas which relate from our chapter 1, which you may want to consider and interrelate whilse while writing While relating agency theory and costs, corporate govermance, and to what lengths managers will go to maximize shareholder value please compare and contrast the following (feel free to add others example, as well, yet these two are fine, it's up to you): 1) Goldman Sach's unethical behavior and practices, which led to a $550 million dollar fine by U.S. Securities and Exchange Commission, and an ensuing $10 billion dollar market loss following the announcement of The SEC lawsuit against Goldman in 2006. 2) The more recent action taken by the U.S. Federal Reserve System's Board of Governors against Wells Fargo& Company (See below), and then ensuing market loss, which you will need to calculate. Did the Federal Reserve take a different course, or did they also levy a fine, and lawsuit, against Wells Fargo? Was this considered a stricter action, and did this have a larger or smaller effect on their trading-market value See Next Page for #1 continued: On February 2, 2018, the Federal Reserve Board issued an unprecedented enforcement action against Wells Fargo & Company, prohibiting its asset growth until improvements in bondated by oversight and firm wide risk management systems are implemented. And while mobs would be the consent order, the Federal Reserve also announced that four Wells board members replaced by the end of the year. Finally, the Federal Reserve also publicly issued let reprimand to Wells' former CEO and Chair and former Independent Lead Director for failing lo satisfy the Federal Reserve's supervisory ters of current board criticizing its past pns; a third public letter was issued to Weills Please see: https/www.paulweiss com/imedia/3977616/12feb18 wells-fargo pd And htt rsene.govewsevents/pressreleases/enforcement20180202a.htm United States Federal Reserve Press Release February 02, 2018 Responding to widespread consumer abuses and compliance breakdowns by Wells Fargo, Federal Reserve restricts Wells' growth until firm improves governance and controls. Concurrent with Fed action, Wells to replace three directors by April, one by year end For release at 6:15 p.m. EST Question 1: See both questions below, and there is no wrong answer here, per se. Please write a minimum of three to four paragraphs, and cite resources, yet don't go overboard please, thanks ( have given example points to discuss aside from actual questions): Considering the 2006 SEC enforcement action brought against Goldman Sachs, and the ensuing market loss, please compare and contrast this, pointing to differences, with the more recent Wells Fargo and the U.S. Federal Reserve's Enforcement Action on February 2, 2018. Please Calculate the approximate loss of market value which Wells Fargo incurred in the five trading days which followed 2/2/2018, the date of the U.S. Federal Reserve Board of Governors' enforcement actions? (hint: one can use historical pricing such as on Yahoo! Finance a) b) Aside from the compare and contrast and calculating Wells Fargo's market loss,here are further ideas which relate from our chapter 1, which you may want to consider and interrelate whilse while writing While relating agency theory and costs, corporate govermance, and to what lengths managers will go to maximize shareholder value please compare and contrast the following (feel free to add others example, as well, yet these two are fine, it's up to you): 1) Goldman Sach's unethical behavior and practices, which led to a $550 million dollar fine by U.S. Securities and Exchange Commission, and an ensuing $10 billion dollar market loss following the announcement of The SEC lawsuit against Goldman in 2006. 2) The more recent action taken by the U.S. Federal Reserve System's Board of Governors against Wells Fargo& Company (See below), and then ensuing market loss, which you will need to calculate. Did the Federal Reserve take a different course, or did they also levy a fine, and lawsuit, against Wells Fargo? Was this considered a stricter action, and did this have a larger or smaller effect on their trading-market value