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Wells Fargo. Wells Fargo & Company is an American multinational financial services company with a significant global presence. [ 11][ 8] The company operates in 35 countries and serves over 70 million customers worldwide. [ 8]
Acquisitions in 1999–2000. Continuing the Norwest tradition of making numerous smaller acquisitions each year, Wells Fargo acquired 13 companies during 1999 with total assets of $2.4 billion. The largest of these was the February purchase of Brownsville, Texas -based Mercantile Financial Enterprises, Inc., which had $779 million in assets.
Title. CEO and president, Wells Fargo. Predecessor. C. Allen Parker. Spouse. Amy Scharf. Charles W. Scharf (born April 24, 1965) [ 1] is an American investment banker and business executive who is the chief executive officer and president of Wells Fargo. He was previously the CEO of Visa Inc. [ 2] and BNY. [ 3][ 4]
A Wells Fargo supervisor who had been fired by the banking giant won a disability discrimination lawsuit against it and was awarded $22.1 million by a federal court jury in Charlotte.
Wells Fargo's share price fell 10.2% over two days in June 2022, wiping out more than $17 billion of market value, after the New York Times reported the Justice Department probe.
Pros. Cons. Wells Fargo’s 4,000 branches, 11,000 ATMs, and optimum mobile banking app provide easy access to funds. Its $35 overdraft fee is expensive
Wells Fargo (1852–1998) Acquired by Norwest Corporation and merged to create the current Wells Fargo & Company. Wells Fargo was an American banking company based in San Francisco, California, that was acquired by Norwest Corporation in 1998. During the California Gold Rush in early 1848 at Sutter's Mill near Coloma, California, financiers and ...
Global banking giant Wells Fargo & Co., which has a minimal presence in central Ohio, is setting up a technology hub in the region that will create 585 jobs paying an average wage of $60.10 per hour.
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